With a deal in hand to keep the lights on a bit longer,Star Entertainment now has a new bid from an opportunistic raider,adding a twist in the tale for management and Star lenders.
Australia has the third-largest number of cryptocurrency ATMs in the world. They are being used to launder money for organised criminals.
Restrictions on gambling with cash at Star’s flagship casino sent revenue plunging,adding to concerns about its viability.
The judge found even though Commonwealth Bank was aware of problems before AUSTRAC’s 2017 case,it had not breached continuous disclosure obligations.
Former chief financial officer Christina Katsibouba has made a series of allegations about the company’s failure to be transparent with investors and other executives regarding its financial position.
Star Sydney’s current and former executives are about to be hauled before Adam Bell,SC,for a second time in 18 months – and the stakes are high.
Online gambling firm Bet365 has been fined $1.1 million in the UK after failing to prevent potential money laundering and protect vulnerable customers.
Attorney-General Mark Dreyfus is this year expected to legislate changes to the decades-old Privacy Act,after a review by his department recommended 116 changes to better protect the personal information of Australians.
The financial watchdog is investigating the wagering business over anti-money laundering and counterterrorism financing compliance.
SkyCity will face the Federal Court in June over alleged breaches of anti-money laundering and counter-terrorism financing laws at its Adelaide casino.