The lawsuit was filed by Australian law firm Maurice Blackburn Lawyers on behalf of shareholders of the Star Entertainment Group (Star Casino). According to the firm, the class action alleges that Star breached disclosure obligations and acted against the best interests of the shareholders.
Star Faces Second Class Action Lawsuit for Non-ComplianceThe proceeding alleges that in the period from 29 March 2016 to 16 March 2022, Star had inadequate systems and processes for ensuring compliance with its obligations under anti-money laundering (AML) and counter-terrorism financing laws (CTF), and had inadequate systems and processes for ensuring compliance with Australian regulatory obligations.
In a statement on Monday, Star Entertainment stated that it ‘intends to defend the proceedings’.
Star Faces Second Class Action Lawsuit for Non-Compliance (€64 million) for license breaches that included allowing money laundering to take place at its Sydney casino.
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.