The Star Entertainment Group has announced that the New South Wales Independent Casino Commission (NICC) does not approve of the company hiring its own independent monitor for its flagship casino in Sydney.
According to new licensing conditions as result of an NICC report into its business affairs, Star Sydney must operate under the guidance of an independent monitor. The position is currently held by Nicholas Weeks who was appointed by the NICC following the suspension of the company’s casino license in NSW and the subsequent AU$100 million fine.
Star Group released a statement on Thursday saying that it had hired Allen & Overy Consulting (A&O) to assist with monitoring and assurance services ‘in relation to management’s progress in implementing disclosed remediation actions’. However, the same press release also stated that the NICC would not endorse its appointment of A&O.
NICC Refuses to Endorse Star Casino Consultant Hired to Assist Independent MonitorA&O’s appointment was made by The Star Board for its own purposes to monitor progress in implementing remediation actions by The Star’s management.
NICC Refuses to Endorse Star Casino Consultant Hired to Assist Independent MonitorThe Star continues to fully cooperate and work with the Manager as he manages the operations of the Sydney casino as announced on 17 October 2022
The company could also lose its license to operate in Queensland in the near future as an inquiry is still underway into Star’s suitability to hold a license in the state.
Image credit: Maksym Kozlenko / CC BY-SA 4.0
Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.