Shares in casino operator The Star Group fell almost 20% after allegations of money laundering, organised crime, large-scale fraud and foreign interference

Shares inward casino operator The Star Group felled seam almost 20% after allegations of money laundering, organised crime, large-scale humbug and strange interference.

Allegations published by the media, including the Sydney Morning Herald and The Age, title that 'tween 2014 and 2021, Star Entertainment catered to high-roller gamblers who are allegedly associated with malefactor or foreign-influence operations. The society reportedly also disguised play activity as hotel expenses inward the slip of some Chinese players.

The mathematical group responded that the allegations were false, saying: “The Star is concerned by a keep down of assertions within the media reports that it considers misleading. There are constraints on publically discussing specific individuals. We will read the capture steps to speech all allegations with relevant tell and federal regulators and authorities.

“The Star operates inwards a to a great extent regulated industry. We are dependent to thorough and on-going regulatory oversight including compliance checks and reviews across the company’s operations inwards NSW and Queensland.”

The companion assured The Star takes recommendations of the Bergin Inquiry earnestly as they testament impact the ordinance of casinos inward NSW. The group's Sydney cassino is currently beingness reviewed past the New South Cymru Independent Liquor & Gaming Authority (ILGA).

It is expected that The Star might lose its Victoria licence or at the very to the lowest degree human face stricter regulations. However, the conclusion will finally be left in the custody of investigating authorities. The state of affairs is closely resembling the Crown Resorts scandal, which saw restrictions placed on the company’s activities.

The intelligence also seemingly wedged more than The Star, as the shares of SkyCity Entertainment Group and Crown also dipped.

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