Star denies reports of organised crime
Casino group Star Entertainment has defended its operations after claims it is unwittingly allowing money laundering and fraud.
The owners of The Star Sydney casino on Monday responded to Nine media reports which alleged anti-money laundering controls were lax.
Star said the reports were misleading although it could not publicly discuss individuals.
The company said it will address the allegations with regulators. These include Adam Bell SC, who is reviewing controls at the Sydney casino for NSW regulators.
Star Entertainment said it traded in a heavily regulated industry and its operations were often checked and reviewed.
The Nine TV and newspaper coverage alleged Star had similar failings to rival Crown. The latter has been subject to royal commissions in multiple states.
Star shares were down more than 17 per cent to $3.53 at 1145 AEDT.
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