Star Entertainment Retains Sydney Casino License Amid $15 Million Fine
The NSW Casino Commission extends Star's license suspension, citing ongoing compliance issues and economic concerns.
- Star Entertainment has been fined $15 million by the NSW Independent Casino Commission due to compliance failures.
- The Sydney casino's license remains suspended and is under government supervision until early 2025.
- Two inquiries, known as the Bell Inquiries, revealed serious misconduct and governance failures at the casino.
- Despite financial struggles, the casino's new CEO, Steve McCann, has improved transparency and accountability.
- Star's financial instability poses a risk to its future operations, with the company needing to raise more capital.