The Star executives admit challenges in remediation efforts
Executives at The Star Entertainment Group have acknowledged that their measures to address issues were hurried and overly ambitious.According to the executives, they...
The Star Entertainment Group is put to test for public hearing
The Star Entertainment Group is unable to hold a casino license in Queensland and that is what the company is being put to test for.
The 1st official hearing for this matter took place today (August 23), which did not have positive results as Jonathan Horton made few allegations against the group. His biggest concerned was high-risk gamblers.
“There is a problem as some people are being supported to go to Queensland, and they are taking advantage of that despite the fact there were some red flags which conducted to their exception, not to mention the fact that it wasn’t possible to find anyone here.”
commented Horton.
According to him, the company also allows Chinese people to gamble at the casino and utilize China UnionPay, even though there are currency movement restrictions. It was said that the cards were being used at the hotel for room payments and more, but it was revealed that the cards were also being used in casinos.
Horton explained that at at first they would do room charges with the cards, make transactions by CUP under the visitor’s name, after the deal they would issue the receipt and then the visitors would be taken into the casino, where the money would be transferred to the front-money account.
This whole process was done two years ago, but The Star made transactions of 55 million Australian dollars by this method.
Later Horton added that the investigation is not going to be “look into compliance as such”, but that isn’t to say that its funds are “unrelated to the evaluation of compliance”.
Star Entertainment executives testify amid inquiry
In an inquiry into the casino operator's suitability, former CEO Robbie Cooke, chairman of Star Entertainment Group David Foster, and other senior executives are expected to...
