Star extends $950m lifeline talks with Salter Brothers Capital
Star Entertainment says it is locked in talks with financiers over a $950m lifeline that could allow the troubled casino group to avoid administration.
Star Entertainment says it is locked in talks with financiers over a $950m lifeline that could allow the troubled casino group to avoid administration.
Lottery Corp chief executive Sue van der Merwe has resigned after three years leading the company, following its spin-out from gaming giant Tabcorp.
NIOA will build a $120m weapons factory in the US amid growing calls by Donald Trump for Western countries to spend more on defence.
Chinese customers at Star Entertainment withdrew up to $20m using the China Union Pay network, raising a series of red flags for the country’s financial authorities.
Former Star Entertainment executive Paula Martin has told the Federal Court that police investigations of cash transactions at its Sydney casino did not need to be reported to the board because they were ‘not unusual’.
The casino operator’s former chief legal counsel Paula Martin said large amounts of cash leaving Star Sydney in bags did not necessarily indicate money laundering but it was ‘suspicious’.
Crown Resorts has named US casino executive Ed Domingo as the new chief executive of its Melbourne property as it plans to roll out new investment across the company.
Former Star Entertainment boss Matt Bekier was informed about a covert NSW police operation investigating suspicious cash transactions at Star Sydney, a court has heard.
Former Star boss Matt Bekier has told a court he relied on his regulatory team to monitor suspicious activity, including reports of ‘bags of money’ appearing at a private gaming salon.
Former Star boss Matt Bekier has denied being told by NSW Police individuals linked to its biggest junket operator had possible links to organised crime.
Original URL: https://www.couriermail.com.au/journalists/glen-norris/page/2