• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 3 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

NSW regulator says Star’s Sydney casino will close in six months if still deemed unsuitable

Newsdesk by Newsdesk
Wed 6 Dec 2023 at 17:41
10 Years Ago: The Star war

The Star Sydney

67
SHARES
1.7k
VIEWS
Print Friendly, PDF & Email

Star Entertainment Group’s flagship Sydney casino, The Star Sydney, has six months to return to suitability or its doors will close, according to comments from the state’s casino regulator.

Two weeks after the NSW Independent Casino Commission (NICC) extended the term of the Special Manager overseeing Star’s efforts to return to suitability for another six months from January 2024 until 30 June 2024, a spokesperson for the regulator told the Australian Financial Review (AFR) that The Star Sydney would no longer operate unless it meets its new deadline.

“The NICC is not satisfied The Star has reached a point where the licence suspension can be lifted and it can run its casino without the supervision of the manager,” the NICC spokesperson told AFR. “If they can’t prove they are capable of operating with a conditional licence over the next six months, the manager will be retired, and the doors will close.”

As reported by IAG, Star was last year found unsuitable to hold its NSW casino license after an inquiry uncovered serious failings around its anti-money laundering (AML) and counter terrorism financing (CTF) controls.

However, the company was given the opportunity to return to suitability under the supervision of a Special Manager, whose term was originally due to expire in January.

Star, meanwhile, has found itself battling the state government over proposed tax hikes and awaits the outcome of civil proceedings currently underway by AML watchdog AUSTRAC.

It recently launched another round of fundraising after revealing a net loss of AU$2.44 billion (US$1.57 billion) for the year ended 30 June 2023, largely as a result of regulatory impairments.

RelatedPosts

Survey on Australia-China relations finds most Australians keen to encourage more Chinese tourism

Regulating the Game launches Call for Speakers for 2026 event in Sydney

Mon 2 Jun 2025 at 13:24
Queensland regulator looking into Townsville, Cairns casinos over unlicensed junket links: report

Australia’s financial crime watchdog sets sights on regional casinos The Ville and Mindil Beach

Sun 1 Jun 2025 at 09:33
Ainsworth flags 1H25 revenue growth on Australian market strength but Novomatic takeover facing opposition by family of founder

Ainsworth chair says higher R&D investment necessary to boost global market competitiveness

Thu 29 May 2025 at 05:49
A moral defense of gambling

A moral defense of gambling

Wed 28 May 2025 at 18:19
Load More
Tags: Australiacasino licenseNSW Independent Casino CommissionsuitabilityThe Star (Sydney)
Share27Share5
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Sega Sammy chairman Hajime Satomi named in Japan’s Top 50 rich list

by Newsdesk
Tue 3 Jun 2025 at 12:04

Hajime Satomi, the chairman of leading Japanese pachinko supplier and integrated resort investor Sega Sammy Holdings, has been named among Japan’s 50 richest people in 2025 by business media group Forbes. Satomi is ranked at No.41 on this year’s list...

Always in season for bold escapes at Hann Resorts

Always in season for bold escapes at Hann Resorts

by Newsdesk
Tue 3 Jun 2025 at 10:09

CLIENT PROMOTION Hann Resorts in Clark encourages guests to disconnect from their digital gadgets and rediscover the benefits of offline experiences with family and friends up north at Clark, Pampanga. “Travel, Stay, Play.” Guests from Visayas, Mindanao and other countries...

Thai Government announces Entertainment Complex Press Briefing for Wednesday, local media buzzing with anticipation

Thai Government announces Entertainment Complex Press Briefing for Wednesday, local media buzzing with anticipation

by Andrew W Scott and Ben Blaschke
Tue 3 Jun 2025 at 06:34

Late yesterday afternoon the Thai government announced a Press Briefing would be held on the eve of the Thai Entertainment Complex Roundtable (TECR), which is being organized by Inside Asian Gaming. The Press Briefing, to be held at the Ministry...

Jeju Dream Tower casino sales down 7.4% in March

Korea’s Jeju Dream Tower continues growth spurt as May gaming revenues hit US$30 million

by Newsdesk
Mon 2 Jun 2025 at 18:56

Lotte Tour’s Korean integrated resort, Jeju Dream Tower, appears to be on a roll with casino revenues surging yet again in May to KRW41.4 billion (US$30.1 million) – up 52.5% year-on-year and 25.8% higher than in April. Casino revenues have...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English