The management of Sydney’s Star casino continues to labour under the delusion it can treat the authority charged with regulating the industry with contempt.
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.
It is very difficult to imagine how the current board of Star will be able to mend its relationship with the regulator and navigate the path to restore its licence.
The Star’s special manager has accused the company of extensive compliance breaches including widespread falsification of welfare checks and a failure to stop casino customers from getting $3.2 million in company money.
Big spenders are steering clear of Star Entertainment Group’s three casinos,as the company’s former and current senior executives prepare to front another public inquiry.
The second inquiry into the culture at Star Entertainment Group will commence next Monday,with the fate of the casino group in balance for the second time in two months.
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.
Crown breached its legal,social and moral obligations,resulting in illegal activities,tax avoidance,money laundering,criminal associations and significant harm to vulnerable community members. But it deserves to keep its licence.
The Victorian gambling regulator said on Tuesday that it was in the public interest for Crown to keep its Melbourne casino licence.
The once sleepy NSW casino regulator has transformed itself into a compliance head kicker,with its target,the financially battered Star,once again thrown into chaos.
Adam Bell,SC,who is conducting the inquiry,has deemed the next round of public hearings starting in mid-April to be “in the public interest”.