Exclusive: The NSW casino regulator will fine Sydney’s The Star a record $100 million for its failure to stem criminal activity and money laundering within its casinos | michaelkoziol
that alleged the casino enabled suspected money laundering, organised crime, large-scale fraud and foreign interference for years - despite its board being warned money laundering controls were failing.The $100 million fine is the maximum penalty possible under laws introduced by the NSW government in August, but would allow the casino to retain its licence - albeit likely with conditions.
Crawford declined to comment on Sunday. NSW Premier Dominic Perrottet previously called The Star’s performance “absolutely horrendous” following the release of the Bell report.The casino’s former chief executive Matt Bekier stood down during the public inquiry, as did several other senior executives. Acting chief executive Geoff Hogg resigned last month, with Cooke to start in the top job on Monday.
Crawford flagged his new regulator would be taking no prisoners in its approach, and warned of “very severe consequences” for misconduct.“We’re going to be a lot more vigilant and we’ll have many more tools to assist us in that process,” he said last month. “The ability of casinos to hide things from us, which they’ve actively done in recent years, will not be available to them.”
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