this post was submitted on 12 Feb 2024
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[–] autotldr@lemmings.world 1 points 8 months ago

This is the best summary I could come up with:


Star Entertainment Group and the Queensland government have been accused of lacking transparency for not releasing the casino giant's full remediation plan to the public, following a damning review.

The ABC asked The Star for the full plan but was instead directed to information on its corporate website including the latest annual report, an investor presentation and ASX announcements.

Ms D'Ath also extended the special manager Nicholas Weeks's appointment until the end of this year and has previously said The Star could face fines up to $5 million for not complying with its remediation plan.

"We are committed to being a better company, operating with the highest levels of integrity in all that we do and we continue to focus on earning back the trust of regulators, governments, shareholders, guests, team members and the community."

The Gotterson report said Star had serious deficiencies with its anti-money-laundering program, actively encouraged banned high rollers from other states to gamble in Queensland, and was not forthcoming or transparent with its banker or the regulator.

The revised timeline was announced in an ASX statement in December, informing shareholders that DBC had reached a settlement in the Supreme Court with Multiplex Constructions over cost blowouts and delays on the project.


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