FEATURED AUSTRALIA: Star Casino set to be fined $100 million after damning report into its operations

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#AceNewsRoom With ‘Kindness & Wisdom’ Oct.17, 2022 @acenewsservices

Ace News Room Cutting Floor 17/10/2022

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#AceNewsDesk – Sydney’s Star Casino is expected to be fined $100 million by the NSW Independent Casino Commission (NICC) after a damning report into its operations.

A display screen that says 'Welcome to The Star' outside a building.
Star has been accused of money laundering and fraud at the casino in Pyrmont.(ABC News: Jason Om)none

Last month, The Star Entertainment Group accepted the findings of an inquiry headed by Adam Bell SC, which found it unsuitable to hold a license for its Sydney casino.

The inquiry heard allegations of money laundering, organised crime links and fraud at the Pyrmont-based casino.

In releasing its report, NICC chief commissioner Philip Crawford said while the majority of the casino’s staff were doing the right thing, systemic governance and risk and cultural failures had been found.

“The report is, quite frankly, shocking. It provides evidence of an extensive compliance breakdown in key areas of The Star’s business,” Mr Crawford said.

“Not only were huge amounts of money disguised by the casino as hotel expenses, but vast sums of cash evaded anti-money laundering protocols in numerous situations, most alarmingly through Salon 95 — the secret room with a second cash cage.”

an elderly man with glasses talking
Chief commissioner Philip Crawford called the inquiry’s findings “shocking”.(AAP: Paul Braven)none

Mr Crawford said it was also discovered that senior staff had concealed activities and there were instances where patrons were exposed to “gambling harms”.

“The Star offered free alcohol to VIPs as an inducement to gamble and allowed vulnerable patrons to gamble continuously for more than 24 hours at a time, without intervention,” he said.

“These personal accounts are jarring and illustrate how unrestrained gambling can go from entertainment to exploitation.”

In accepting the findings, Star Entertainment said it had taken “significant and urgent remedial steps”.

It is understood the NICC will release details tomorrow.

AceNewsDesk report ………..Published: Oct.17: 2022:

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