THE STAR ENTERTAINMENT GROUP LIMITED SGRASX ASX Share Price & News

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It also faces a looming financial penalty from the financial crimes regulator Austrac, in addition to a $15m fine issued by the NSW government casino regulator http://we-class.


It also faces a looming financial penalty from the financial crimes regulator Austrac, in addition to a $15m fine issued by the NSW government casino regulator late last year. "It would appear that once you start operating a clean casino it’s not nearly as profitable," Sheedy says. The casino operator has experienced a sharp decline in high rollers from Asia in the aftermath of a NSW inquiry that found Star facilitated hundreds of millions of dollars in banned transactions, exposing it to money laundering. Without effective reform of local gambling venues and http://we-class.kr/carmelagodfrey/top-australian-crypto-free-spin-offers7143/-/issues/1 online wagering, casinos may try to mount an argument for less effective regulation. That would be an admission that their "tourism" attractiveness has waned. It’s also a powerful argument to speed up the transition of effective regulation to all gambling operators.

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