Star Entertainment’s high-risk junket business generated 14 per cent of the company’s revenue over a five-year period before the casino giant was undone by the COVID-19 pandemic and an investigation which revealed it had turned a blind eye to high rollers laundering money in its venues.
Star, which runs casinos in Sydney, Brisbane and the Gold Coast, made the admission in documents filed in the Federal Court as part of a lawsuit brought by AUSTRAC, the agency which pursues financial crimes.
Loading...
Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
