IN THE NEWS

  1. Star Entertainment Exec ‘Stole $13.3M’

In another explosive revelation from an ongoing inquiry in NSW into the casino operator’s suitability to hold a license in the state, Star Entertainment’s senior VP of international marketing Simon Kim “disappeared” in 2020, allegedly with AU$13.3 million belonging to Chinese junket operator Suncity.

Read the full story here >>> https://www.casino.org/news/star-entertainment-exec-stole-13-3m-from-junket-operator-went-awol/

 

  1. Three Executives resign from The Star

Three executives from Star Entertainment have resigned following an inquiry into the company’s suitability to run its Sydney casino. Chief financial officer Harry Theodore, chief casino officer (NSW) Greg Hawkins and chief legal & risk officer and company secretary Paula Martin have resigned.

Star Entertainment said in a statement a further announcement would be made in relation to permanent executive appointments once finalised.

Read the full story here >>> www.msn.com/en-au/money/news/executives-resign-from-sydney-s-star-casino-after-inquiry-heard-allegations-of-serious-crime-at-the-venue/ar-AAWYdF4?ocid=BingNewsSearch

 

  1. AUSTRAC signs information sharing MOU with VIC gaming regulator

Australia’s top anti-money laundering watchdog (AUSTRAC) has announced it has signed an MOU with the Victorian Gambling Casino Control Commission (VGCCC) aimed at strengthening its efforts against financial crime…AUSTRAC also has MOUs with state and territory-based gambling regulators in NSW, QLD, and ACT to enable strong partnerships and collaboration.

Read the full story here >>> Asia Gaming Brief