The update follows the casino operator’s request for a trading halt on the Australian Stock Exchange last week, as an independent inquiry into the operator by Adam Bell SC highlighted continuing regulatory shortcomings.
Appointed by the New South Wales Independent Casino Commission, Bell conducted an initial investigation into the Australian casino operator in 2022, deeming the operator unsuitable to hold a casino licence due to serious regulatory failures.
Following these findings, the NICC tasked Bell with another inquiry into The Star, which was published on 30 August 2024.
According to a NICC statement, the second Bell report “validated the concerns that prompted the second inquiry”. The Star then postponed the release of its FY2024 results and requested a trading halt from the ASX.
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