Australia’s embattled Star Entertainment Group was suspended from the ASX, the country’s stock exchange, on Monday for failing to file its financial results. Star is the largest publicly traded casino operator in Australia. The Star Casino Sydney, above, is Star Entertainment’s flagship property, but the company is still not fit to hold its gaming license, per a regulator’s report published last week. (Image: Star Entertainment) The company told shareholders on Friday that it would halt trading and publish its full-year results later in the day. That’s while it “considered the implications” of a damning report by New South Wales (NSW) regulators that found it was still unsuitable to hold a gaming license for its flagship Star Sydney property. The report by the New South Wales Independent Casino Commission (NICC) concluded the operator had not sufficiently addressed the “governance and cultural concerns” highlighted in a 2022 inquiry that initially found it… Read More
Category: Asia Pacific Gaming, Commercial Gaming, Crime & Scandals, Financial, Live Casinos, Regulation, ASX, Australian stock market, Bell report, star entertainment, Star Sydney
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