According to the Canberra Times, The Star’s lawyer, Steven Finch SC<\/strong>, said during a hearing that an AU$100m fine would be reasonable\u00a0as “That amount … is all the money that we have and reasonably anticipate being able to borrow, hoping but not certain that we will be able to survive that.” <\/p>\n\n\n\n Finch argued that a fine smaller than that amount would still have a deterant effect on other businesses. He told justice Cameron Moore<\/strong>: “If you engage in this sort of conduct … you are open to being fined every dollar that you’ve got and every dollar you can borrow.”<\/p>\n\n\n\n Bally\u2019s Corporation<\/a> and Investment Holdings Pty are expected to invest AU$300m (US$176m) into The Star in exchange for a majority share of the company. AUSTRAC highlighted this is its closing submissions to the Federal Court.<\/p>\n\n\n\n Crown Resorts<\/a> recently agreed to pay an AU$450m fine for money-laundering breaches, and AUSTRAC’s barrister, Simon White SC<\/strong>, said this could be a benchmark for what The Star might pay. He said The Star’s conduct was worse than Crown’s and that The Star’s management had continued working with high-risk gamblers even after the public inquiry into the latter. He reported that about AU$138bn was made through junkets and AU$20bn from high-risk customers.<\/p>\n\n\n\n For the third quarter of the financial year 2025<\/a>, The Star reported net revenue of AU$271m (US$173.8m). That\u2019s a decrease of 9 per cent sequentially<\/a> and 35.35 per cent in year-on-year terms. Earnings before interest, taxes, depreciation and amortisation (EBITDA) were negative AU$21m (US$13.4m) compared to negative AU$8m (US$5.1m) in the previous quarter. The company said the results reflect \u201ca seasonal softening in revenues, reduced levels of gaming visitation and the one-off impact of adverse weather events driving property closures in Queensland in March.\u201d<\/p>\n\n\n![\"\"](\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2025\/04\/iStock-1125111981-1024x703-300x200.jpg\")
<\/p>\n