Class action launched against Star Entertainment Group
Leading Australian law firm Slater and Gordon has launched a shareholder class action against Star Entertainment Group, alleging the casino operator made misleading or deceptive representations about its compliance with regulatory obligations.
The class action is in response to revelations from a public hearing into Star currently taking place in New South Wales, home to the group’s flagship resort The Star Sydney.
The fallout of those public hearings, which have revealed failures around Star’s oversight of its junket partners and concerns around AML compliance, has already seen CEO Matt Bekier stand down with more heads expected to roll in the coming weeks.