Star entertainment leadership turned a blind eye to Chinese junket sun city conducting an unlicensed gambling cage. The gambling was done on the premises of star Sydney. Moreover, the Chinese junket had ties with threatening foreign intelligent officers.
For example, over eight years, Huang Xiangmo deposited 1.3 billion without the star company checking the source of income. Analysts’ experts believed the money came from bribes. These are other reasons for the license revoked
Reasons why star entertainment NWS license was revoked
Hiding real Report and data-The star entertainment company, not only tried to hide its misconduct but also, breached regulations. Independent casino commissioner Chief Philip Crawford noted that star company executed a strong institutional arrogance and failed to show the right level of transparency. Many executives in star company resigned from their positions due to investigations.
Casino License-Adam Bell SC’s reported that the star company is unfitting to hold a casino license in New South Wales. Therefore, the star has two weeks to respond. The company has to pay a fine of up to $67 million and may no longer have its license.
Nationwide Regulator-PM Australia Anthony Albanese said that the national regulator is not on the priority list of the government. According to him, regulations that are not strictly followed may do more harm than good. He believes that a national regulator is not needed at the moment since state regulators are doing well.
NSW’s Authority-NWS’s authorities have been conducting commendable work of holding the operator to account. Albanese agreed that stars entertaining company shortcomings should not be taken lightly. He pointed out that the current regulators are powerful enough to their respective states since they respond directly.