• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 8 September 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

Star calls for leniency as court hearing to determine size of AUSTRAC fine gets underway

Newsdesk by Newsdesk
Thu 5 Jun 2025 at 20:14
Crown down but Star not ruling out junkets

The Star Gold Coast

24
SHARES
607
VIEWS
Print Friendly, PDF & Email

Just weeks after securing an AU$300 million bailout package, Australia’s Star Entertainment Group is fighting to stave off a multi-million fine from AML watchdog AUSTRAC that it says would again bring into question its financial viability.

AUSTRAC’s case against Star headed to the Federal Court this week with the regulator looking to impose a fine of at least AU$400 million, possibly more, for AML and responsible gambling failures outlined across multiple inquiries in the two states in which Star operates.

This, it argued, was not an “oppressive penalty” given the scale of Star’s transgressions with counsel for AUSTRAC Simon White SC describing it as “an appropriate penalty for specific and general deterrence purposes,” according to a report by the Australian Financial Review.

For its part, Star said a fine of just AU$100 million would be enough to threaten its financial viability – essentially arguing for a penalty in line with what it is capable of paying. However, such a fine would be significantly lower than the AU$450 million fine issued to Crown for similar offenses in 2023.

AUSTRAC’s case is largely centered around Star’s dealing with now defunct junket giant Suncity Group, whose VIP rooms within Star’s Sydney and Gold Coast casinos generated turnover of more than AU$70 million a week pre-COVID. The regulator is alleging Star welcomed 117 high-risk VIP customers into its casinos with 350 junket tours organize through Suncity alone over four years at The Star Sydney alone.

Star recently confirmed that it would, pending shareholder approval, accept an AU$300 million investment from Bally’s Corp and local pub baron Bruce Mathieson’s Investment Holdings Pty Ltd as it looks to stave off insolvency due to rising costs and diminishing revenues.

The company had been running on fumes before Bally’s injected an initial AU$100 million into the embattled firm in April.

RelatedPosts

Ciarán Carruthers: Crowning glory

Crown Resorts rolls out AI to improve player protection abilities

Fri 5 Sep 2025 at 05:37
The Star Sydney’s casino license in limbo as final report from second inquiry handed to regulator

Son of Star’s largest shareholder joins Star Entertainment Group board as non-executive director

Sun 31 Aug 2025 at 09:16
Australia’s Star Entertainment Group says available cash halved in December 2024 quarter as liquidity crunch bites again

Star Entertainment Group falls to AU$471.5 million loss in FY25 as remediation, regulatory hurdles continue to bite

Fri 29 Aug 2025 at 07:38
Asia market roundup

Asia market roundup

Thu 28 Aug 2025 at 12:26
Load More
Tags: anti-money launderingAUSTRACAustraliaFineStar Entertainment Group
Share10Share2
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 – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

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

Related Posts

Citi: MGM China offering players mini Labubu toys, chance to win a Rolex in latest competitive promotional push

Citi: MGM China offering players mini Labubu toys, chance to win a Rolex in latest competitive promotional push

by Ben Blaschke
Mon 8 Sep 2025 at 11:48

Macau concessionaire MGM China is now offering players the chance to redeem points in return for mini Labubu toys as part of its latest competitive strategy to defend market share, according to a report by investment bank Citigroup. The company...

PAGCOR’s Alejandro Tengco

2025 IAG EXPO kicks off at Manila’s Newport World Resorts tonight

by Newsdesk
Mon 8 Sep 2025 at 06:47

Today is the day! The 2025 IAG EXPO gets underway this evening, with welcome event Manila After Dark kicking off three actions packed days at Manila’s Newport World Resorts. Tonight’s MAD, taking place at Casa Buenas from 6:30pm, promises to...

MGM Resorts COO Corey Sanders to retire after 30 years with company

MGM Resorts COO Corey Sanders to retire after 30 years with company

by Newsdesk
Sun 7 Sep 2025 at 11:35

MGM Resorts International has announced the retirement of its long-serving Chief Operating Officer Corey Sanders after 30 years with the company. Sanders, who first joined MGM as tax director of MGM Grand in Las Vegas in 1994, will remain as...

Bhumjaithai Party leader and anti-casino voice Anutin Charnvirakul voted in as Thailand’s new Prime Minister

Bhumjaithai Party leader and anti-casino voice Anutin Charnvirakul voted in as Thailand’s new Prime Minister

by Ben Blaschke
Sun 7 Sep 2025 at 10:30

Thailand has officially unveiled its 32nd Prime Minister after the House of Representatives on Friday voted to elect Bhumjaithai Party leader and vocal casino opponent Anutin Charnvirakul to the role. Anutin’s ascension comes after the Pheu Thai Party’s Paetongtarn Shinawatra...

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