The AFR View
Casino investors should share in dirty money risks
The Financial Review’s take on the principles at stake in major domestic and global stories.
Casino operator Star seems to have outdone even Crown’s misdeeds. The respective state inquiries into Crown in Sydney and Melbourne by Patricia Bergin and Raymond Finkelstein, and now Adam Bell into Star Entertainment showed none of them were mere dupes in the rule breaking. They were enablers. Crown secretly brought illegal Chinese junket operators and their clients on to its premises. So did Star in Sydney, which following the Bell inquiry’s interim report this week must show cause why it should keep its licence or avoid up to a $100 million fine. Star also provided customers with China UnionPay facilities to dodge China’s regulations and blow $900 million, disguised as hotel expenses.
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