• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 5 August 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 issues Star with show cause notice, outlines raft of possible disciplinary measures

Ben Blaschke by Ben Blaschke
Fri 13 Sep 2024 at 13:22
Class action launched against Star Entertainment Group
32
SHARES
791
VIEWS
Print Friendly, PDF & Email

The NSW Independent Casino Commission (NICC) has issued Star Entertainment Group with a show cause notice, asking the embattled casino operator to explain why it should not take disciplinary action in relation to various breaches uncovered in the second Bell inquiry.

That inquiry and the report that came from it ultimately recommended a second finding of unsuitability against Star and its operation of The Star Sydney, and further compounding its already perilous financial position.

On Friday, the NICC said it had issued the show cause notice in relation to four significant breaches detailed in the second Bell Report, including one that resulted in a cash fraud against The Star, a failure to run source of wealth checks on hundreds of members flagged as high risk, and fraudulent guest welfare entries that put already vulnerable customers at higher risk of harm.

The NICC has also issued correspondence to The Star in relation to its management, operation and culture, the adequacy and implementation of its remediation plan, and The Star’s overall suitability to hold a casino licence, it said.

Among the possible disciplinary actions it could take against Star, which has 14 days to respond, are cancellation of its casino licence, a pecuniary penalty of up to AU$100 million, an amendment of the terms or conditions of the licence, a requirement that a casino operator, or a close associate of a casino operator, give an undertaking (an enforceable undertaking) to do or refrain from doing something, or a letter of censure to the casino operator.

In a filing, Star said it continues to consider its response to the Bell Report, including its ability to obtain financial resources to ensure the financial viability of the casino.

“The Star expects to respond to the Notice by Friday 27 September 2024,” it said. “The Star is currently considering the matters raised in the Notice, the additional requests by the NICC as well as the Bell Two Report.

“The Star is continuing to work with various stakeholders and advisers in respect of its financial position. These discussions are ongoing and involve, among others, state governments, regulators and the company’s lenders.”

As reported by Inside Asian Gaming, Star is actively trying to stave off collapse following the second finding of unsuitability in NSW and has asked the state governments in both NSW and Queensland for tax relief. The NSW government, which has already postponed a substantial increase in poker machine tax and granted an extension to the deadline for introducing mandatory cashless gaming, has rejected any further relief.

However, the Queensland state government is said to be considering some sort of assistance given that Star only last month held the Grand Opening for its AU$3.6 billion Queen’s Wharf Brisbane development – seen as a critical piece of tourism infrastructure for the city. Queensland is also home to The Star Gold Coast.

Star recently confirmed that ongoing discussions related to its troubled liquidity position have included considerations around the application of provisions in the Corporations Act 2001 (Cth), specifically the safe harbour provisions, which allow directors of a company to pursue restructuring rather than placing it into administration by offering protections against personal debt liability should the restructure ultimately fail.

RelatedPosts

Legal battle continues to hurt Donaco’s bottom line

Donaco shareholders approve US$35 million privatization bid

Mon 4 Aug 2025 at 15:36
Light & Wonder’s Siobhan Lane

Global debut of “Fortune Doors” among five Light & Wonder game families to be showcased at next week’s Australasian Gaming Expo

Mon 4 Aug 2025 at 13:16
Star to open AU$3.6 billion Queen’s Wharf Brisbane development on 29 August

Star’s Hong Kong partners officially terminate Queen’s Wharf Brisbane acquisition deal

Fri 1 Aug 2025 at 13:02
Hong Kong’s Far East Consortium reports first full year gaming revenue after Australian, European acquisitions

Star says deal now “unlikely” to offload Queen’s Wharf Brisbane assets to Hong Kong partners

Wed 30 Jul 2025 at 13:53
Load More
Tags: AustraliaNSW Independent Casino Commissionshow cause noticeStar Entertainment GroupThe Star (Sydney)
Share13Share2
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 – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Delta Corp to acquire 45% stake in shipyard that built “Casino Royale” floating casino

Gaming sector shows strength as India’s Delta Corp reports income of US$22 million in June 2025 quarter

by Newsdesk
Tue 5 Aug 2025 at 05:58

India’s leading casino and online gaming operator Delta Corp has reported gross income from operations of Rs 195.84 crores (US$22.3 million) for the three months to 30 June 2025, up 2.6% year-on-year and down by less than 1% compared with...

First auction of Imperial Pacific gaming equipment postponed

IPI’s abandoned Saipan hotel and casino building shows signs of wear and tear but no immediate danger ahead of planned sale

by Newsdesk
Tue 5 Aug 2025 at 05:34

The Department of Public Works of the CNMI has found that Imperial Pacific International’s unfinished hotel and casino building in Garapan, Saipan, is showing signs of wear and tear some five years after construction was halted but does not pose...

Casino revenue at Korea’s Paradise Co up 23% year-on-year to US$55 million in July, slightly down sequentially

Casino revenue at Korea’s Paradise Co up 23% year-on-year to US$55 million in July, slightly down sequentially

by Newsdesk
Tue 5 Aug 2025 at 05:14

Leading Korean foreigner-only casino operator Paradise Co reported a 23.0% year-on-year increase in casino revenues to KRW75.7 billion (US$54.7 million) in July, however the figure was 6.3% lower than in June. According to information filed with the Korea Exchange. July...

Legal battle continues to hurt Donaco’s bottom line

Donaco shareholders approve US$35 million privatization bid

by Ben Blaschke
Mon 4 Aug 2025 at 15:36

A proposal by Hong Kong’s Argyle Street Management Limited to acquire 100% of the shares in ASX-listed, Southeast Asian casino operator Donaco International Ltd that it doesn’t already own is one step away from becoming reality after Donaco shareholders on...

Your browser does not support the video tag.


IAG

© 2005-2025
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

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English