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Star hangs by thread after report finds it unfit to run casino

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Regulation

2024-08-30

Star hangs by thread after report finds it unfit to run casino

Star Entertainment Group Ltd.’s future hangs in the balance after an inquiry found the company had suffered from dysfunctional leadership, questionable ethics and culture, and remains unfit to operate its Sydney casino.

The gaming regulator, which received the report by lawyer Adam Bell a month ago, said Friday it’s still assessing the conclusions of the three-volume publication.

Bell’s report shows a company that has failed to adequately address long-standing governance and cultural concerns, Philip Crawford, chief commissioner of the New South Wales Independent Casino Commission, said in a statement.

Crawford’s decision to hold off on a final determination on Star leaves the company’s fate largely in the hands of new Chief Executive Officer Steve McCann.

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