The casino license of Star Entertainment Group’s flagship IR, The Star Sydney, has been suspended with the property to instead run under the supervision of a special manager.
However, no time frame has been placed on the assignment period for the manager – named as Nicholas Weeks of Wexted Advisors – with the NSW Independent Casino Commission (NICC) stating Monday that it would first need to determine whether Star’s failings can be rectified and whether it can achieve suitability.
In releasing its response to the findings of the recent Bell Report into The Star Sydney, the NICC said it would also fine the operator AU$100 million (US$62 million) – the largest fine ever imposed on any of Australia’s casinos and surpassing the AU$80 million (US$50 million) Crown Melbourne was fined for similar transgressions earlier this year.
