NSW regulator says Star’s Sydney casino will close in six months if still deemed unsuitable
Thursday 07 de December 2023 / 12:00
⏱ 1 min read
(Sydney).- Star Entertainment Group’s flagship Sydney casino, The Star Sydney, has six months to return to suitability or its doors will close, according to comments from the state’s casino regulator.
Two weeks after the NSW Independent Casino Commission (NICC) extended the term of the Special Manager overseeing Star’s efforts to return to suitability for another six months from January 2024 until 30 June 2024, a spokesperson for the regulator told the Australian Financial Review (AFR) that The Star Sydney would no longer operate unless it meets its new deadline.
“The NICC is not satisfied The Star has reached a point where the licence suspension can be lifted and it can run its casino without the supervision of the manager,” the NICC spokesperson told AFR. “If they can’t prove they are capable of operating with a conditional licence over the next six months, the manager will be retired, and the doors will close.”
As reported by IAG, Star was last year found unsuitable to hold its NSW casino license after an inquiry uncovered serious failings around its anti-money laundering (AML) and counter terrorism financing (CTF) controls.
However, the company was given the opportunity to return to suitability under the supervision of a Special Manager, whose term was originally due to expire in January.
Star, meanwhile, has found itself battling the state government over proposed tax hikes and awaits the outcome of civil proceedings currently underway by AML watchdog AUSTRAC.
It recently launched another round of fundraising after revealing a net loss of AU$2.44 billion (US$1.57 billion) for the year ended 30 June 2023, largely as a result of regulatory impairments.
Categoría:Casino
Tags: Sin tags
País: Australia
Región: Oceania
Event
SBC Summit Americas 2026
09 de June 2026
Belatra Games Highlights Networking Value at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- Lucila M. Barletta, Head of Accounts LatAm at Belatra Games, shared her insights on the company’s participation at SBC Summit Americas. From strengthening partnerships to exploring new opportunities, she emphasized the importance of both large industry events and smaller networking experiences in driving meaningful business growth.
Friday 03 Jul 2026 / 12:00
Zenith Strengthens LATAM Presence at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In conversation with SoloAzar, Eddie Morales, Zenith's Business Development Manager, shared the company’s objectives at SBC Summit Americas, the opportunities generated, and the outlook on the future of the gaming industry in Latin America.
Friday 03 Jul 2026 / 12:00
LSports LATAM Secures Major Partnerships at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- In Q&A after SBC Summit Americas 2026, Fernando Martinez, representative of LSports LATAM, talked about the company’s goals, achievements, and future plans in the region. Martinez shares insights on the evolving dynamics of the Latin American market, the importance of strategic partnerships, and how LSports is positioning itself as a leading data and trading services provider.
Wednesday 01 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
