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Casino giant The Star's profit falls amid Asian high-roller downturn



  • Source: Sydney Morning Herald - - Read: 0

    Summary:

     

    In light of the revelations, the national casino industry is now the subject of multiple state and federal inquiries and faces the prospect of tougher rules governing their high-roller operations.

    The Star chief executive Matt Bekier on Friday said the company had “comprehensive” anti-money laundering and counter-terrorism financing programs, and regularly worked closely with law enforcement authorities.

    He said the recent scrutiny surrounding the alleged crime links to junket operators had been damaging to The Star's share price, but said the company had not been implicated in many of the regulatory and law enforcement investigations examining Crown.

    “In terms of the regulatory action, we have not really been caught in the same inquiries that others have,” he said. “The ASIC [Australian ...

     

     

    Read Full News: https://www.smh.com.au/business/companies/casino-giant-the-star-s-profit-falls-amid-asian-high-roller-downturn-20190816-p52hpi.html


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