Star Entertainment chairman steps down amid inquiry
David Foster, executive chairman of Star Entertainment, will temporarily resign from leading Adelaide Bank and Bendigo.The decision was made in response to indications...
The Star faces accusations and resignation of three members
The Star Entertainment’s top executives are stepping down from their roles following an investigation by the New South Wales Royal Commission on the compliance of casinos to keep their licenses in the state.
3 members of the management resigning are:
- Chief Casino Officer – Greg Hawkins
- Chief Executive Officer – Harry Theodore
- Chief Legal & Risk Officer and Company Secretary – Paula Martin
In the activities of The Star was suspected money laundering. Those transactions happened via China Unionpay cards, even though gambling in China is banned, and this fact raised suspicions.
Based on these accusations, on March 17 the Investigation started. The Star made many transfers that were not linked to the industry and covered them as casino-related activities.
Former Chief Executive Officer Matt Bekier who had quit at the end of March is now facing scrutiny. Recent departees faced the same scrutiny.
Theodore confessed his unprofessional behavior, while G. Hawkins said the business at The Star was not executed properly. P. Martin protected herself from accusations of letting an organized crime happen.
The Star stated that Jennie Yuen will still keep the role of Secretary.
In its latest statement, The Star recognizes the “need to accelerate the change of the Board”; since the replacement of the departed will be needed immediately.
The Star accused of welfare fraud and unauthorized payouts
A senior executive at The Star Entertainment Group has stated that the company faked welfare checks for slot machine users, letting them withdraw the sum of $3.2 million.
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