• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 9 May 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
  • 中文
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
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Star says remediation plan was guided by independent manager, approved by Queensland in response to second NSW suitability hearing

Ben Blaschke by Ben Blaschke
Tue 20 Feb 2024 at 12:32
Star Entertainment Group falls to AU$95 million loss in FY20 but domestic gaming showing signs of recovery

The Star Sydney

28
SHARES
694
VIEWS
Print Friendly, PDF & Email

Australia’s Star Entertainment Group appears to have defended the efficacy of its remediation plan in a lengthy response to the news it will face a second inquiry into its suitability to hold a casino license for The Star Sydney.

The company was reportedly caught off-guard by the announcement from the NSW Independent Casino Commission (NICC) earlier this week, which will again see Adam Bell SC lead the inquiry barely 18 months after he originally recommended Star be found unsuitable following a previous inquiry held in 2022.

The second inquiry – which the NICC said it has called due to concerns over the effectiveness of Star’s remediation efforts – will start immediately and run for 15 weeks, with a final report to be submitted to the NICC on 31 May 2024 and before the term of the independent manager appointed to oversee Star’s remediation efforts expires in June.

On Tuesday, Star filed its response to this latest development in which it promised to participate in the inquiry in an “open, transparent and facilitative manner” and said it welcomed an “objective forum in which to demonstrate it is capable of returning to suitability with particular reference to the actions that have been put in place since the Bell report was issued.”

However, it also noted that its multi-year remediation plan “was developed with oversight and input from the [independent] manager and … has been approved by the Queensland Attorney General.”

It remains to be seen how the Queensland government responds to this latest action from its southern counterpart given that Star is due to open its new AU$3.6 billion Queen’s Wharf Brisbane development – undoubtedly one of Queensland’s most significant development projects in recent years – in August.

Star also noted that the inquiry will run during a “critical period” for the company in executing against its remediation plan but said it would nonetheless “dedicate all necessary resources to the Inquiry to ensure it meets all its requirements and expectations.”

It added, “The Star appreciates the opportunity to demonstrate it has the ability to regain suitability and will continue to do all in its power to work cooperatively with all its regulators including the NICC and its appointed manager. The Star remains committed to and focussed on executing its Remediation Plan and earning back the trust of the community.”

In a separate filing, Star revealed it was delaying publication of its financial results for the six months to 31 December 2023 while it determines any necessary amendments arising from the announcement of the inquiry.

The 1H24 results had been due for release on Wednesday.

RelatedPosts

Ben Attwood: Land of Wonder

Regulating the Game announces CherryHub and Ebet as joint RegTech sponsors of 2026 Sydney conference

Tue 6 May 2025 at 13:03
Unhitching Online Poker

Regulating the Game conference to include inaugural RTG Global Awards in 2026

Thu 1 May 2025 at 08:18
Crown down but Star not ruling out junkets

Star falls further as 1Q25 EBITDA loss hits AU$21 million

Thu 1 May 2025 at 07:49
Donaco pays down US$8.5 million in debt as part of loan refinancing deal

Donaco’s 1Q25 revenue down on losing quarter for VIP segment at Star Vegas

Tue 29 Apr 2025 at 09:45
Load More
Tags: Australiacasino licenseinquiryNSW Independent Casino CommissionRemediationStar Entertainment GroupThe Star (Sydney)
Share11Share2
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Knife’s edge

Editorial – Knife’s edge

by Andrew W Scott and Ben Blaschke
Tue 29 Apr 2025 at 15:14

Thailand’s Entertainment Complex journey is at a critical point, with the success or failure of the initiative to be determined...

The changing face of Macau

The changing face of Macau

by Ben Blaschke
Tue 29 Apr 2025 at 15:09

Inside Asian Gaming takes a deep dive into the new, post-COVID Macau where a revenue environment that seems to be...

Born again

Born again

by Pierce Chan
Tue 29 Apr 2025 at 14:47

Premiering in September 2010 at City of Dreams, The House of Dancing Water was a visionary creation by artistic maestro...

Richard Howarth – Testing the limits

Richard Howarth – Testing the limits

by Ben Blaschke
Tue 29 Apr 2025 at 13:17

Richard Howarth, Chief Business Officer APAC for global testing laboratory GLI, discusses his career journey and his passion for fast-paced...

Evolution Asia
Aristocrat
GLI
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Galaxy Macau to host 2025 Annual Conference of the FIA – world motorsport’s governing body

Favorable VIP hold pushes Galaxy Entertainment Group’s 1Q25 profit to US$412 million

by Ben Blaschke
Thu 8 May 2025 at 14:03

Macau’s Galaxy Entertainment Group (GEG) reported total net revenue of HK$11.2 billion in the first three months of 2025, including gross gaming revenue of HK$10.9 billion (US$1.36 billion) – up 13.6% year-on-year although slightly lower than the HK$11.0 billion (US$1.38...

Solutions Showcase: Angel – Tech Minded

Baccarat side bets now contribute close to 50% of Macau baccarat revenues

by Ben Blaschke
Thu 8 May 2025 at 13:32

Baccarat side bets now contribute between 45% and 50% of Macau’s gaming revenues, representing a generational shift in player preferences thanks to the deployment of smart gaming table technology. Stakeholders told IAG that such side bets previously comprised only a...

House of Dancing Water returns to City of Dreams Macau with spectacular premiere

House of Dancing Water returns to City of Dreams Macau with spectacular premiere

by Pierce Chan
Thu 8 May 2025 at 11:11

After a five-year hiatus, City of Dreams’ epic production House of Dancing Water held its premiere on Wednesday 7 May ahead of an official opening to the public on Friday. The newly reimagined resident show is produced by Giuliano Peparini,...

Grand Korea Leisure extends casino closures until 15 February

Grand Korea Leisure’s casino revenues up to US$26 million in April

by Newsdesk
Thu 8 May 2025 at 07:03

Foreigner-only casino operator Grand Korea Leisure reported casino revenue of KRW36.2 billion (US$25.9 million) in April, up 11.5% year-on-year but down 12.7% compared with March. GKL’s casino revenue comprised an 11.7 % year-on-year increase in table revenue to KRW32.9 billion...



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
  • 中文

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
  • 中文
  • 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.

  • 中文
  • English