{"id":777018634,"date":"2024-08-30T10:05:04","date_gmt":"2024-08-30T13:05:04","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777018634"},"modified":"2026-04-22T06:36:13","modified_gmt":"2026-04-22T09:36:13","slug":"the-star-halts-trading-amid-release-of-second-inquiry-report","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/the-star-halts-trading-amid-release-of-second-inquiry-report","title":{"rendered":"The Star halts trading amid release of second inquiry report"},"content":{"rendered":"\n

The report finds The Star to be “falling short of what is required from a suitable casino operator.”<\/p>\n\n\n\n\n\n\n\n

Australia.- The Star Entertainment Group <\/strong>has requested an immediate halt to trading of its ordinary shares following the New South Wales Independent Casino Commission (NICC)’s release of the report on Adam Bell SC\u2019s second inquiry<\/a>.<\/p>\n\n\n\n

The company said trading will remain paused until the commencement of normal trading on Monday or when an announcement is made, whichever is earlier.<\/p>\n\n\n\n

\u201cBell Two\u201d probed\u00a0the casino\u2019s adherence to regulatory standards, financial obligations and the efficacy of its reform agenda since the original inquiry.\u00a0It found The Star to be “falling short of what is required from a suitable casino operator.”<\/p>\n\n\n\n

NICC chief commissioner Philip Crawford<\/strong> said: “The Bell Report reveals a company that had not moved quickly enough to address the governance and cultural concerns raised in the first Bell Report. It has only very recently turned its attention to dealing with challenges that should have been prioritised earlier.”<\/p>\n\n\n\n

It notes that group CEO Steve McCann<\/a> and other appointments brought experience which will be vital if the NICC decides that The Star should remain the operator of The Star Casino. It said the level of transparency and cooperation had improved since their appointments. However, the report raises concerns that the NICC was not receiving all of the facts from The Star at a time when the regulator needed certainty. <\/p>\n\n\n\n

See also: <\/strong>Paul Newson: \u201cNSW has lost its gambling policy and regulatory leadership mantle\u201d<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The report finds The Star to be “falling short of what is required from a suitable casino operator.”<\/p>\n","protected":false},"author":176,"featured_media":26456,"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 Star Entertainment Group has halted trading of its shares following the \"Bell Two\" inquiry report by the New South Wales Independent Casino Commission (NICC). The report found The Star \"falling short of what is required from a suitable casino operator,\" citing insufficient progress on governance and cultural reforms and concerns over transparency with the regulator.","focusai_entities":"The Star Entertainment Group, New South Wales Independent Casino Commission, Adam Bell SC, Steve McCann, Philip Crawford, Paul Newson","focusai_location":"Australia, New South Wales","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"License Revocation Impact?","query":"What are the specific financial and operational implications for The Star Entertainment Group should the NICC proceed with a license revocation or impose severe operating restrictions?"},{"label":"Governance Reform Efficacy?","query":"How will the NICC assess the effectiveness of The Star's proposed governance and cultural reforms, particularly given the report's concerns about past transparency and the pace of change?"}],"footnotes":""},"categories":[16336,157,158],"tags":[24434,23871],"class_list":["post-777018634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","category-slider-home","tag-nsw-independent-casino-commission","tag-the-star-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018634","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=777018634"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018634\/revisions"}],"predecessor-version":[{"id":777018640,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018634\/revisions\/777018640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26456"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}