{"id":28264,"date":"2022-03-21T11:15:57","date_gmt":"2022-03-21T14:15:57","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=28264"},"modified":"2026-04-23T10:21:00","modified_gmt":"2026-04-23T13:21:00","slug":"inquiry-could-lead-star-entertainment-to-make-board-changes-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/inquiry-could-lead-star-entertainment-to-make-board-changes-analysts-say","title":{"rendered":"Inquiry could lead Star Entertainment to make board changes, analysts say"},"content":{"rendered":"\n

Analysts believe that Star Entertainment Group could implement changes to its board in the way Crown Resorts did following investigation.<\/p>\n\n\n\n\n\n\n\n

Australia.- New South Wales’ inquiry into The Star Entertainment Group could lead to changes at the board level, analysts believe. Centre for Public Integrity director Geoffrey Watson SC <\/strong>said their could be a major overhaul similar to that seen at Crown Resorts<\/a> after its faced an inquiry last year.<\/p>\n\n\n\n

According to The Sydney Morning Herald, a fund manager at a major Australian mutual fund said it was inevitable that some executives and directors would have to leave the company based on evidence already presented at the New South Wales Independent Liquor & Gaming Authority (ILGA) inquiry that showed The Star disguised gambling payments as hotel charges.<\/p>\n\n\n\n

He said: \u201cThe CEO Matt Bekier has been there for a long time, and he\u2019s probably getting towards the end of tenure anyway. Chairman John O\u2019Neil is an interesting one because he was spruiking how The Star was squeaky clean. But it\u2019s day one… what\u2019s going to come out on day three or five?\u201d<\/p>\n\n\n\n

On the first day of the ILGA inquiry, Paulinka Dudek<\/strong>, deputy treasurer of the Star Group admitted that she misled National Australia Bank about use of a China UnionPay card<\/a> at Star Entertainment venues.<\/p>\n\n\n\n

Lennon Chang<\/strong>, a senior lecturer in criminology at Monash University who specialises in Greater China, said that The Star’s scheme provided a channel for moving large amounts of money from China to Australian real estate or other assets and bypassed China’s strict controls on how much money citizens could send.<\/p>\n\n\n\n

A day after the public hearing started, Star Entertainment Group shares fell<\/a> as much as 7 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts believe that Star Entertainment Group could implement changes to its board in the way Crown Resorts did following investigation.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The New South Wales inquiry into Star Entertainment Group is expected to trigger significant board-level changes, mirroring the overhaul at Crown Resorts. Evidence presented suggests the operator disguised gambling payments as hotel charges and misled National Australia Bank regarding China UnionPay card usage, potentially facilitating illicit money transfers from China. This regulatory scrutiny has already impacted Star's share price and highlights critical governance and compliance failures.","focusai_entities":"Star Entertainment Group, Crown Resorts, Centre for Public Integrity, Geoffrey Watson SC, New South Wales Independent Liquor & Gaming Authority (ILGA), Matt Bekier, John O\u2019Neil, Paulinka Dudek, National Australia Bank, Lennon Chang, Monash University","focusai_location":"Australia, New South Wales, China","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (1.0), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Board Governance Impact","query":"What specific changes to Star Entertainment Group's governance framework and board composition are anticipated, and how might these mitigate future regulatory compliance risks?"},{"label":"AML Protocol Failures","query":"Beyond the China UnionPay card misuse, what systemic AML protocol failures within Star Entertainment Group were exposed by the ILGA inquiry, and what are the broader implications for financial crime prevention in Australian casinos?"}],"footnotes":""},"categories":[16336,156,158],"tags":[23911,23871],"class_list":["post-28264","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-regulation-news","category-slider-home","tag-gambling-regulation","tag-the-star-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=28264"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28264\/revisions"}],"predecessor-version":[{"id":28272,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28264\/revisions\/28272"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}