Star Keeps Sydney Casino License
Star Entertainment Reverses Course a Day After Sydney Casino Relief
The New South Wales Independent Casino Commission on Thursday decided not to revoke the firm's license to operate in Sydney, but allowed it to keep running with a minor penalty of A$15 million ($10.04 million) instead. Shares of the firm, which jumped as much as 5.2% to A$0.305 in early trade, have reversed to fall 3.5% to A$0.28.
Australia's Star Entertainment to keep Sydney casino open, pay $10 million fine
Australia's No.2 casino operator Star Entertainment will be able to keep its struggling Sydney casino open but has been ordered to pay a fine of A$15 million ($10 million), the New South Wales state gaming regulator said on Thursday.
Embattled Star keeps Sydney casino licence, cops $15m fine
Star Casino has been hit with a $15 million fine by the casino regulator, with the licence suspension extended until March next year.
Star’s Sydney casino can keep operating but licence suspended
Embattled gaming group Star Entertainment can keep operating its Sydney casino but its licence remains suspended and the company has copped a A$15 million ($16.5m) fine from regulators who noted “numerous shortcomings” in governance, compliance, and risk management.
Star Keeps Sydney Casino License, Fined $10 Million
Star Entertainment Group Ltd. has been allowed to keep running its flagship Sydney casino under government supervision, a letoff for the unprofitable gaming operator after a series of damning governance and cultural failings.
The Star Sydney casino fined $15 million as licence remains under review
The NSW Independent Casino Commission today announced the Star would be hit with the hefty fine and said it would impose a suite of license conditions. It means the struggling casino – which was found to have issues regarding leadership and culture – will keep its doors open for now but remains under strict supervision of the regulator.
Star Sydney US$10mln fine, licence suspension continues
The casino licence for The Star Sydney property (pictured) will remain suspended, with its operator hit with a AUD15-million (US$10.1 million) fine for ongoing compliance problems and a fresh review within the first quarter next year.
Star Entertainment jumps a day after Sydney casino relief
Australian troubled casino operator Star Entertainment gained on Friday after it resumed trading a day after New South Wales state gaming regulator said the embattled firm would be able to keep its Sydney casino open.
Star Entertainment share price on ice amid $15 million fine and Sydney casino licence decision
The NSW Independent Casino Commission has released its official response to the second Bell inquiry report. The post Star Entertainment share price on ice amid $15 million fine and Sydney casino licence decision appeared first on The Motley Fool Australia.
$15m fine for Star Sydney casino, suspension prolonged
The NSW Independent Casino Commission has hit The Star with another fine after a second probe revealed a series of breaches at its Sydney operation.
Australia's Star entertainment to keep Sydney casino open but pay fine, AFR reports
Australia's No.2 casino operator Star Entertainment will be able to keep open its struggling Sydney casino but it will be forced to pay a large fine, the Australian Financial Review (AFR) said in a report on Thursday.
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Star Entertainment Fined $10M, Retains Sydney Resort License Amid Successive Compliance Issues
Star Entertainment faces a AU$15M fine yet retains operations at The Star Sydney under strict oversight, struggling with ongoing noncompliance issues.
Star Casino Turnaround Man Tames Regulator and Wins Lifeline
Star Entertainment Group Ltd.’s survival rests almost entirely on new Chief Executive Officer Steve McCann and his turnaround ...
NSW casino regulator forces board reform at troubled Star
The powerful NSW casino regulator will require a major overhaul of Star Entertainment’s board structure as part of the ...
Star Entertainment may have secured a lifeline but the future of the casino operator remains a gamble
Star Entertainment has once again defied the odds after being allowed to keep its gaming room doors open by the NSW regulator ...