{"id":33491,"date":"2022-09-14T05:12:13","date_gmt":"2022-09-14T08:12:13","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33491"},"modified":"2026-04-23T04:54:34","modified_gmt":"2026-04-23T07:54:34","slug":"nsw-premier-warns-the-star-sydney-could-close-in-two-weeks","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nsw-premier-warns-the-star-sydney-could-close-in-two-weeks","title":{"rendered":"NSW premier warns The Star Sydney could close in two weeks"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Dominic Perrottet said that if Star does not respond to the state&#8217;s report within 14 days it will probably have to close.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Australia.- The Star Entertainment has been given 14 days to respond to <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/the-star-entertainment-found-unsuitable-to-hold-sydney-casino-licence\" target=\"_blank\">Adam Bell SC\u2019s report<\/a>\u00a0that found it unsuitable to operate casinos in New South Wales. Now\u00a0<strong>Dominic Perrottet<\/strong>, premier of New South Wales, has said that if it fails to do so, it will probably be forced to close The Star Sydney.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Perrottet stated: &#8220;Star has been absolutely horrendous, they&#8217;ve got 14 days to respond to that report and <strong>if they don&#8217;t comply, they&#8217;re likely to close.<\/strong> There is no place for anybody in any organisation, particularly casinos to not be complying with the regulations in place.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Philip Crawford<\/strong>, chief commissioner of the&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/philip-crawford-named-to-lead-the-nsw-independent-casino-commission\" rel=\"noreferrer noopener\">Independent Casino Commission<\/a>, said Star had been issued with a show cause notice and had 14 days to respond before he takes a decision based on the report.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He said: \u201cNot only were huge amounts of money disguised by the casino as hotel expenses, but <strong>vast sums of cash evaded anti-money laundering protocols<\/strong> in numerous situations, most alarmingly through Salon 95 \u2013 the secret room with a second cash cage.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Independent MP\u00a0<strong>Andrew Wilkie<\/strong>\u00a0has proposed the creation of a national gaming regulator that would work closely with the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Federal Police (AFP).\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Wilkie told ABC: &#8220;There&#8217;s just going to be some fines, a bit of clean-up and everyone will get on with things because governments, and this is the other layer of the problem, governments are too cosy with these companies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Governments are too interested in the fact that they are major single site employers that they generate a major amount of tax revenue for state and territory governments.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Prime minister\u00a0<strong>Anthony Albanese<\/strong>, however, has ruled out strengthening national regulations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He said: &#8220;I think it&#8217;s pretty obvious that the state regulators are doing a pretty good job of holding the casino operators to account. That&#8217;s my observation. I&#8217;m not in favour of regulation for the sake of it and I think it&#8217;s pretty hard to argue that Crown or Star are not being held to account at the moment.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dominic Perrottet said that if Star does not respond to the state&#8217;s report within 14 days it will probably have to close.<\/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":"Star Entertainment faces potential closure of The Star Sydney after being deemed unsuitable to operate casinos in New South Wales due to severe anti-money laundering failures. The company has 14 days to respond to a show cause notice issued by the Independent Casino Commission. This development reignites debate over Australia's regulatory framework, with calls for a national regulator contrasting with the Prime Minister's support for state-level oversight.","focusai_entities":"Star Entertainment, Dominic Perrottet, Adam Bell SC, Philip Crawford, Independent Casino Commission, Andrew Wilkie, Australian Transaction Reports and Analysis Centre (AUSTRAC), Australian Federal Police (AFP), Anthony Albanese, Crown","focusai_location":"New South Wales, Australia, Sydney","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), payments_fraud_aml (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Star's Financial Impact?","query":"What is the projected financial impact on Star Entertainment's market capitalization and operational revenue if The Star Sydney is forced to close, and how might this affect its other gaming verticals?"},{"label":"Regulatory Framework Evolution?","query":"Given the ongoing debate, what are the probabilities and potential implications of Australia transitioning towards a national gaming regulator, and how would this alter existing B2B\/B2C licensing and compliance obligations?"}],"footnotes":""},"categories":[16336,156,158],"tags":[23871],"class_list":["post-33491","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-regulation-news","category-slider-home","tag-the-star-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33491","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=33491"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33491\/revisions"}],"predecessor-version":[{"id":33498,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33491\/revisions\/33498"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}