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The Star, the Prime Minister and the mystery Macau bidder

September 15, 2022 World Events & AnnouncementsIndustry Updates

Following the publication of a damning report of The Star Entertainment’s business practises and finding the casino operator was unfit to hold a licence, the Australian Prime Minister, Anthony Albanese, has now got involved in the fallout.

Calls for Australia to adopt a national gaming regulator were rebuffed by the Prime Minister – after The Star was found guilty of evading money-laundering protocols and being tied to organised crime, among other things – who said: “It’s pretty obvious that the state regulators are doing a pretty good job of holding the casino operators to account.

“I’m not in favour of regulation for the sake of it. It’s pretty hard for anyone to argue that either Crown or Star are not being held to account at the moment.”

However, MP Andrew Wilkie described the issue as a ‘national problem,’ saying: “What’s now been exposed at Star in Sydney is entirely consistent with what we’ve already seen in Crown in Perth and Melbourne, and I assume will be the case at Star venues on the Gold Coast and in Brisbane.

“We clearly have a national problem here. When are we going to start holding boards, directors and chairs, to account?”

In recent months, both of Australia’s largest casinos – The Star and Crown – have been found guilty of serious breaches of gambling regulations, yet the NICC has yet to revoke licences held by either. This is despite NSW Independent Casino Commission Chief Commissioner Philip Crawford saying: “The report is, quite frankly, shocking. It provides evidence of an extensive compliance breakdown in key areas of The Star’s business.

“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.”

Source: https://www.gamblinginsider.com/news/18152/asia-round-up-the-star-the-prime-minister-and-the-mystery-macau-bidder
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