The Star Entertainment Group has been found unfit to hold an operating licence for its casino in Sydney after some damning pieces of evidence were presented to the investigation. The probe into the Australian gambling giant, led by Adam Bell SC, was carried out earlier in 2022 and heard allegations of links to organised crime, money laundering, and fraud at the company’s casino in Pyrmont. As revealed by the boss of the NSW Independent Casino Commission, Philip Crawford, the report detailed that the harm minimisation measures taken by the Star…
Read MoreAuthor: Olivia Cole
The Star Entertainment Asks for Trading Halt Following Media Reports about Damning NSW Royal Commission Findings
The trading of The Star Entertainment Group’s shares has been placed on a halt pending the official release of Adam Bell SC’s report into the suitability of the company to hold a casino operating licence in New South Wales (NSW). The gambling giant sought the halt after a publication of The Australian that claims that the review of the state’s gambling regulatory body – NSW Independent Liquor Gaming Authority (ILGA) – has found that the company should eventually lose its operating permit in the state unless massive reconstruction of its…
Read MoreCrown Resorts’ CEO Rejects Wayne Carey’s Claims of Potential Disability Discrimination at Crown Perth
Crown Resorts has disagreed with the claims of the former Australian Football League (AFL) star Wayne Carey about the recent incident when a small bag of white powder allegedly fell from his pocket while he sat at a gaming table at Crown Perth. The CEO of the Australian gambling and casino giant – Ciarán Carruthers – revealed that both witnesses of the incident and casino staff members claimed that Mr Carey did not offer the bag of white powder to casino security after it fell onto a gaming table on…
Read MoreNEW CEO Carruthers Says Crown Resorts Will No Longer Be Involved with Junket Operators
The first week of the tenure of Crown Resorts’ new boss, Ciarán Carruthers, saw the chief executive officer make an announcement that the Australian gambling giant will cut its involvement with notorious junket operators. According to Mr Carruthers, the “old junket model” that the company used will no longer be. The operator’s new CEO shared that he wants to see Crown Resorts attract tourists from all over the globe, rather than focusing mostly on affluent Chinese high-roller customers. Carruthers, who previously served as the CEO for Wynn Macau for five…
Read MoreCamelot Withdraws Appeal of Legal Ruling Regarding the UK National Lottery Operating Licence amid Fears of Good Causes’ Potential Losses
Camelot UK has dropped its appeal against the legal ruling regarding the procedure of handing over the operating licence for the UK National Lottery to its competitor Allwyn. The incumbent operator of the National Lottery has run it since the official launch of the service in 1994. Camelot has now decided to withdraw its legal challenge against the UK Gambling Commission (UKGC) that would have resulted in the lawsuit going to the court of appeal in the week to follow. The company shared that it would cooperate with the gambling…
Read MoreAustralian Gambling Giants Still Dealing with Regulatory Probes and Enforcement Actions in Several AU States
The regulatory and enforcement pressure on Australian gambling giants has continued to increase over the last few months. State authorities have started inquiries and investigations into the biggest casino and gambling companies in the country – Crown Resorts and its local competitor Star Entertainment – placing legal hurdles for their businesses to continue operating in Australia. In fact, the last couple of years have been particularly hard for the companies, after the two aforementioned companies faced some allegations of links to criminal organisations, money laundering, social responsibility issues, poor corporate…
Read MoreStake UK Faces £346-Million Lawsuit Filed by Cryptocurrency Casino’s Predecessor Co-Founder
The crypto gambling operator that is a sponsor to the English Premier League (EPL) football club Everton F.C. – Stake UK – has faced legal action worth £346 million. The lawsuit has been filed by an ex-business partner of the crypto gambling company’s co-founders who has alleged that they stole money from him and forced him out of the business. As revealed by The Guardian, court filings say that the Florida resident Christopher Freeman now claims that he was closely involved with Primedice, the company preceding Stake. Its current value…
Read MoreAnother Crown Resorts Investigation Launched by Gaming Regulator
For the third time this year, the Victorian Gambling and Casino Control Commission (VGCCC) is launching an investigation into Crown Resorts’ operation related to the use of blank cheques by members of the casino. If the investigation shows that gamblers take advantage of such schemes, the company may face a fine as large as AU$100 million. After an investigation by a royal commission, it was discovered that Crown was giving its customers credits that were used for gambling at the company’s Melbourne casino. Since such activities are contradicting the law…
Read MoreGambling Industry Insiders Say Queensland Investigation into the Star Entertainment Should Have Involved Gambling Watchdog
Earlier this week, gambling industry insiders have noted that the inquiry into the Star Entertainment Group and its operations in the state of Queensland should have scrutinised the state’s casino regulatory body. For a week, executives of Star Entertainment have been giving sworn evidence to the commission that leads the investigation into the operation of the gambling company’s casino licences in the Gold Coast and Brisbane and is trying to determine whether the company is suitable to hold the operating permits in question. During the hearings, the operator admitted that…
Read MoreLadbrokes Faces High Court Lawsuit over Alleged Failure to Protect Gambling Addict for Spending Significant Sums
The Ladbrokes brand of the British gambling giant Entain is currently facing legal action in High Court. The lawsuit accuses the company of allowing a gambling addict to place significant sums as bets after failing to impose certain restrictions on the customer’s account. The legal action was filed by the Ladbrokes customers less than two weeks after Entain faced a massive monetary penalty for violating safe gambling rules in the UK. The player, who placed bets in both the UK and the United Arab Emirates (UAE), has launched his High…
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