/ 09 May 2022

Executives resign from Sydney’s Star casino

Image source: The Star
Image source: The Star

In the wake of allegations of money laundering, criminal infiltration and a corporate coverup at Star, 3 executives have resigned. That includes chief financial officer Harry Theodore, Sydney casino boss Greg Hawkins, and chief/risk officer Paula Martin. Former CEO Matt Bekier told the ongoing public inquiry run by the gaming regulator that he accepted that the issues raised at the inquiry suggested a “significant, systemic and cultural problem” at the venue that he oversaw for 8 years. The inquiry has heard a string of gobsmacking allegations, including that a member of the casino’s VIP team stole more than $13 million before “disappearing” in 2020. It also heard that a secret account was set up for Chinese junket operators to ‘wash’ dirty money through the casino. A class action has been filed on behalf of investors seeking compensation for misleading representations it made about compliance. Star Chairman John O’Neill and other executives are expected to appear before the inquiry this week.

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