NSW Independent Casino Commission says it is still not satisfied with Star’s ability to run the casino without supervision.<\/p>\n\n\n\n\n\n\n\n
Australia.- Star Entertainment<\/strong>\u2019s Sydney casino<\/strong> could be closed permanently if it does not meet a six-month deadline to regain its licence. imposed by the NSW casino regulator<\/strong>. The NSW Independent Casino Commission<\/strong> has warned Star that it is still not satisfied with its ability to run the casino without supervision, despite investment in remediation programs.\u00a0<\/p>\n\n\n\n The Sydney Morning Herald has reported that a NICC spokesperson told it The Star now has six months to prove it can operate the casino independently: \u201cThe NICC is not satisfied The Star has reached a point where the licence suspension can be lifted and it can run its casino without the supervision of the manager,\u201d the spokesperson reportedly said.<\/p>\n\n\n\n \u201cIf they can\u2019t prove they are capable of operating with a conditional licence over the next six months, the manager will be retired, and the doors will close,\u201d the person told the newspaper.<\/p>\n\n\n\n Star Sydney\u2019s licence was suspended in October last year after an independent inquiry exposed anti-money laundering and counterterrorism failings. The casino operator was also fined AUD100m (US$65.8m)<\/strong>. In September 2022, a report by lawyer Adam Bell had found The Star \u201cunsuitable\u201d to hold its New South Wales licence.<\/p>\n\n\n\n The Australia-listed casino firm reported last month that the NICC had notified it that the term of the government-appointed manager to oversee gaming operations would be extended to June 30 next year<\/strong>, \u201cunless earlier terminated by the NICC\u201d.<\/p>\n\n\n\n The Star has renewed its compliance regime and has overhauled its board and chief executive since the review. The Star\u2019s casino licences in the Australian state of Queensland have also been suspended and its properties there placed under state-government supervision.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" NSW Independent Casino Commission says it is still not satisfied with Star’s ability to run the casino without supervision.<\/p>\n","protected":false},"author":226,"featured_media":25559,"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 NSW Independent Casino Commission has issued a six-month ultimatum to Star Entertainment's Sydney casino, demanding it demonstrate independent operational capability or face permanent licence revocation. This follows ongoing regulatory dissatisfaction despite remediation efforts, stemming from prior anti-money laundering and counter-terrorism financing compliance failures that led to licence suspension and significant fines. The situation underscores critical governance and operational risks for the operator.","focusai_entities":"Star Entertainment, NSW Independent Casino Commission (NICC), Adam Bell, The Star, Sydney Morning Herald","focusai_location":"Australia, Sydney, New South Wales, Queensland","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Star's Operational Metrics?","query":"What specific operational and governance metrics must Star Entertainment achieve to satisfy the NSW Independent Casino Commission within the six-month period?"},{"label":"Impact on Australian Market?","query":"How will a potential permanent closure of Star Sydney impact the competitive landscape and regulatory frameworks for other Australian casino operators?"}],"footnotes":""},"categories":[16336,28],"tags":[1295],"class_list":["post-777011693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-casino-news","tag-star-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011693","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777011693"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011693\/revisions"}],"predecessor-version":[{"id":777011702,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011693\/revisions\/777011702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25559"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}