On questioning by a judge, Star’s former top lawyer has denied making a mistake by failing to tell the board about issues with junket Suncity in May 2018, but said her view was different now with hindsight.
During trial on Monday, ASIC also accused Star’s former top lawyer of giving false evidence about alleged cash for chip transactions in junket operator Suncity’s VIP room.
The Star’s former CEO has told a court he thought a general counsel was “painting very dramatic pictures” when he voiced concerns about cash transactions in junket operator Suncity’s VIP room.
A judge hearing two enforcement cases by regulators against embattled casino operator Star Entertainment has flagged the potential appearance of bias if he continues to preside over both proceedings.
Star Entertainment has reached an agreement with Hong Kong-based investors Chow Tai Fook Enterprises and Far East Consortium on the $53 million buyout of its stake in the Queen’s Wharf entertainment project in Brisbane.
Facing a grilling at trial in ASIC’s money laundering case, Star’s former boss has been accused of giving a false account of a conversation he had with the casino operator’s head of due diligence.
A judge has imposed penalties against Star’s former managing director and former CFO as part of settlements reached with the corporate regulator, as trial against nine other executives continues.
Star’s former managing director Greg Hawkins has reached a mid-trial settlement with the corporate regulator in its case over the casino operator’s alleged lax money laundering compliance.
Embattled casino operator Star Entertainment has rejected offers to buy out its stake in the $3.6 billion Queens Wharf entertainment district project in Brisbane.
Troubled casino giant Start Entertainment has sold off its Sydney events venue to Foundation Theatres for what has been dubbed a fire sale price of $60 million.