The Star Entertainment Group, one of the biggest hotel and casino operators in Australia, has received more bad news from New South Wales as authorities have decided to expand their investigation regarding possible money-laundering offences at the company’s Star Sydney casino resort.
The company announced the news in a statement to the Australian Securities Exchange, reporting that it received a notification from the Australian Transaction Reports and Analysis Centre (Austrac) regarding a wider scope of the investigation that started in June 2021.
Austrac is a government-run financial intelligence agency and in June 2021 it raised suspicions related to money-laundering activities at several of Australia’s biggest land-based casino operators: Star Entertainment, Crown Resorts and SkyCity Entertainment Group.
The update from Star Entertainment announces that Austrac revealed it has not yet made a decision regarding the allegations related to The Star, but advised it will request further information and documents as part of the investigation.