{"id":1675046,"date":"2022-10-05T22:53:27","date_gmt":"2022-10-06T02:53:27","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1675046"},"modified":"2022-10-05T22:53:36","modified_gmt":"2022-10-06T02:53:36","slug":"australia-casino-operator-star-found-unfit-for-queensland-licence","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/australia-casino-operator-star-found-unfit-for-queensland-licence\/","title":{"rendered":"Australia casino operator Star found unfit for Queensland licence"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Faustralia-casino-operator-star-found-unfit-for-queensland-licence%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1675046&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Byron Kaye<\/p>\n<p>SYDNEY (Reuters) \u2013     Australia\u2019s Queensland state declared casino operator Star Entertainment Ltd unsuitable for a gambling licence on Thursday after an inquiry found it concealed illegal Chinese wagering payments and lured problem gamblers from interstate.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The ruling completes a regulatory sweep of Australia\u2019s casino sector. Since 2021, both Star and larger rival Crown Resorts, recently bought by Blackstone Inc, have been deemed unfit for a gambling licence in every state in which they operate, although neither company has so far been prohibited from operating in any jurisdiction.<\/p>\n<p>For Star, the Queensland finding is especially bruising because the company has staked its future on a A$3.6 billion ($2.3 billion) casino development in state capital Brisbane, which is set to open in 2023. The company faced a similar finding in Sydney last month.<\/p>\n<p>\u201cStar embarked on a program of literally having a one-eyed focus on profit,\u201d Queensland Attorney-General Shannon Fentiman told reporters, adding she would prepare a \u201cshow cause\u201d notice, forcing Star to justify why it should be allowed to keep its licence.<\/p>\n<p>\u201cIt is open to the government to cancel their licence,\u201d Fentiman said.<\/p>\n<p>The inquiry found the company had a culture of \u201cnot being truthful with the regulator, not taking their responsibilities around gambling harm and money laundering as seriously as they should,\u201d she said.<\/p>\n<p>Star said in a statement it was considering the Queensland report and would continue to cooperate with the gambling regulator. Its shares were little changed on Thursday, but have fallen 44% over the past year since media began reporting on governance concerns about the company.<\/p>\n<p>In two of the three other states where the government has found the operator of an established casino unfit for a licence, it has allowed the company to keep taking bets under supervision. The third, home to Star\u2019s Sydney casino, is yet to make a decision.<\/p>\n<p>The Queensland inquiry found Star concealed A$55 million in gambling payments by Chinese nationals by characterising them as hotel fees, breaching Chinese gambling restrictions and \u201cdeliberately misleading\u201d Star\u2019s bank, National Australia Bank Ltd.<\/p>\n<p>Star also actively encouraged gamblers who had been excluded from casinos in other Australian states to visit its premises in Queensland, the inquiry found.<\/p>\n<p>($1 = 1.5356 Australian dollars)<\/p>\n<p> (Reporting by Byron Kaye; editing by Richard Pullin)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/australia-casino-operator-star\/attachment\/file-photo-sydneys-star-casino-complex-is-seen-illuminated-at\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9501E-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9501E-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Byron Kaye SYDNEY (Reuters) \u2013 Australia\u2019s Queensland state declared casino operator Star Entertainment Ltd unsuitable for a gambling licence on Thursday after an inquiry found it concealed illegal Chinese<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1675046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1675046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1675046"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1675046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1675046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1675046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1675046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}