Star Entertainment (SGR AU): Hard Rock Rolls The Dice

May 20, 2024

∙ Paid

Troubled casino operator Star Entertainment (SGR AU) announced it had “received inbound interest” from several parties, including "Hard Rock Hotels & Resorts ... a local partner of Hard Rock".
Star is in the doghouse, again, as the regulator conducts (another) review amid concerns Star did not do enough to remedy the problems identified in the first review.
Facing “serious and systemic non-compliance” with anti-money laundering laws, Star faces the distinct possibility of losing is casino licence in Sydney; and potentially the one in Queensland.

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