A director of Star says its board should have demanded more information when executives made vague references to “concerns” raised about one of its “junket” tour partners.
A senior figure in Star Entertainment Group’s international high-roller division was accused of stealing $13.3 million of casino money and then disappeared in 2020.
The inquiry into The Star is following the playbook of the two that gutted its rival Crown. But if Matt Bekier has his way,there won’t be as many casualties.
Former Star casino boss Matt Bekier also said he was not behind an article that cast doubt on evidence to an inquiry painting him as aggressive.
It will be pitchforks or an orderly renewal - and the board needs to decide which way it will go.
Corporate governance experts are predicting further casualties from The Star Entertainment’s senior ranks and board after CEO Matt Bekier resigned.
While the KPMG report may have been inconsistent with other audits,it clearly identified shortcomings in Star’s anti-money laundering and counter-terrorism risk procedures that needed to be addressed.
If suitability to be associated with a casino was based on temperament,Matt Bekier would have failed that test.
This latest confession shows just how much pressure is on Australian casinos.
Star chief executive Matt Bekier insists any tensions with China will be short-lived.
The Star has big plans for both its Queensland sites - in Brisbane and on the Gold Coast.