The Star requests trading halt as second inquiry finds further failures

by CasinoBeats
3 minutes read
The Star Entertainment Group has requested a trading halt on the Australian Stock Exchange as a second investigation into the operator highlighted continuing regulatory shortcomings.

Adam Bell, a lawyer appointed by the NSW Independent Casino Commission, conducted an initial investigation into the Australian casino operator in 2022 which cited “serious regulatory failures” and deemed the company to be “unsuitable to hold a casino licence”.

As a result of those findings, Bell was tasked with conducting a second investigation into The Star which was finalised on 31 July 2024. Almost a full month later, the findings have been issued to The Star ahead of being made available to the public.

According to a statement issued by the NICC, the second Bell Report has “validated the concerns that prompted the second inquiry”, causing The Star to postpone the release of its fiscal year 2024 financial results and request the trading halt from the ASX.

The statement referred to “four complian..

News. Research. Education. Discussions.
Raising industry standards on player protection, across the board.

FORGOT PASSWORD

Email sent

Leave a Comment

You may also like

Player-Protection-hub-logo-white

The Player Protection Hub is the centralised location of the best educational content, and most relevant news in the responsible gambling and player protection fields, anywhere in the industry.

Editors' Picks

Latest Posts

Player Protection Hub – is delivered by SBC. All Rights Reserved.

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.