The rap sheets compiled by Australia’s two largest casino operators in what is supposed to be a highly regulated industry must rank as one of the biggest regulatory failures in the nation’s history.
That’s the only conclusion possible after the shocking evidence at the inquiry into The Star Sydney casino, which has forced Star Entertainment Group CEO Matt Bekier to resign. The inquiry has heard that in a meeting to discuss a KPMG report detailing The Star’s non-compliance with anti-money laundering laws, Mr Bekier dismissed the report as “wrong”.
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The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.
