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The Latest Breaking News from Star Entertainment

Star raising $800m after $988m hit on Sydney casino

Star Entertainment is raising $800m at a deep discount as the casino company looks to bounce back from twin $100m fines and a possible big tax hike in NSW.

AAP

Star hit by casino slump, flags up to $1.6b writedown

Shares of casino operator Star Entertainment have slumped after it flagged an impairment charge of up to $1.6 billion.

AAP

Despite reform push, Labor is still married to the gambling industry

Much-needed reform to Australia’s gambling industry saw positive signs in 2022, yet Labor still has its fingers in the cookie jar.

Crikey

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SkyCity's Australian woes are sheeted home to NZ

Dirty money, literally and figuratively, is at the centre of a lawsuit focusing on SkyCity Adelaide, reports Andrew Bevin

Newsroom.co.nz

Watchdog legal action on Star casino execs

Current and former Star Entertainment directors and executives are facing millions of dollars in fines for alleged failures of director duties.

AAP

Australia regulator sues Star Entertainment executives

The Australian securities regulator on Tuesday started civil proceedings against 11 current and former directors of casino operator Star Entertainment Group Ltd for alleged shortcomings related to the risk of money laundering.

Reuters

Star Qld hit with record $100m fine

The Queensland government has fined Star Entertainment a record $100 million and appointed a special manager to rehabilitate the casino operator.

AAP

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Watchdog takes casino giant Star to court

A federal watchdog has started civil penalty proceedings against gambling giant Star for alleged failures to comply with anti-money laundering laws.

AAP

Compliance, Crown weigh on Star's revenue

Star Entertainment says it faces a steep remediation bill even as revenue drops at its flagship Sydney casino.

AAP

With updated taglines, will gambling face the same fate as befell big tobacco?

Restrictions on how cigarettes could be advertised curbed smoking in Australia. Will the same happen to gambling?

Crikey

Pubs and clubs – your friendly neighbourhood money-laundering service, thanks to 86,640 pokies

Billions of dollars in proceeds of crime are being funnelled through clubs and pubs in New South Wales, according to the NSW Crime Commission. Predictably, the industry is claiming it’s not an issue and solutions are too difficult.

The Conversation

Key independent calls for broad-based casino royal commission following Star and Crown scandals

A federal member is pushing for a sweeping inquiry into Australia’s casino sector following licence suspensions of Crown and Star.

Crikey

Star Sydney suspension: how do casino operators found so unfit get to keep their licences?

How low does a casino operator in Australia have to go before it loses its gaming licence?

The Conversation

NSW casino regulator defends decision not to revoke Star’s licence and instead issue $100m fine

The NSW Independent Casino Commission says taking away the licence would have meant thousands of employees out of work overnight

The Guardian - AU

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ABC News

Sydney news: Fears for NSW's Moama Indigenous community as Victoria flood threat intensifies

MORNING BRIEFING: Residents from an Indigenous community on the NSW-Victorian border are being evacuated as the flood threat intensifies.

ABC News

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

The fine comes after Star Entertainment last month accepted the findings of the NSW Independent Casino Commission, which found it unsuitable to hold a licence for its Sydney casino.

ABC News

Star has been found unsuitable to run casinos in Queensland, but can it still run the Queen's Wharf project?

Star Entertainment is a 50 per cent backer of the casino, residential and entertainment precinct development in the heart of Brisbane, with a shadow now cast over the project.

Crikey

Watch out for these transparency moves during the corporate AGM season

AGL is one example, where billionaire stakeholder Mike Cannon-Brookes is backing four new board candidates.

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ABC News

The Loop: Man charged over Optus text scam, Sydney's record-breaking rainfall, and your first look at the Super Mario Bros movie

Get up to speed on today's headlines with The Loop.

AAP

Star found unfit to run casinos in Qld

Star has been declared unfit to hold a casino licence in Queensland after an inquiry said it failed to protect against money laundering and misled regulators.

AAP

Qld cabinet to consider Star Casino report

Queensland's Attorney-General has been handed the final report on Star Entertainment Group's casino operations in the state, now set for cabinet consideration.

ABC News

Queensland's casino regulator made no prosecutions against operators in past five years, figures show

There are 14 operating casinos in Australia – with Queensland home to more than any other state or territory. A source with deep inside knowledge of the casino industry says the state's regulator has failed.

ABC News

The Star Casino asks to keep operating despite accepting damning report findings

The Star Entertainment Group accepts a report which found it was "not suitable" to hold a licence for its Sydney casino, asking to be allowed to keep its doors open under strict supervision.

AAP

Star acting chief executive Hogg resigns

The acting chief executive of Star Entertainment is leaving the embattled casino group.

ABC News

Inquiries have found casinos facilitated money laundering and consorted with criminals — so why haven’t there been charges for executives or directors?

Australia's largest casino groups have been found "unsuitable" to hold licences due to allegations of money laundering and consorting with criminal gangs. But no individuals have faced consequences.

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