Star Entertainment yesterday posted a loss of $198.6 million for the 2021-22 financial year after suffering through lockdowns and border closures. But the biggest part of the red result was the writedown in the value of its Sydney venue by $162.5 million due to the “heightened regulatory risk” posed by a damning NSW inquiry held by the gaming regulator into money laundering claims and accusations of facilitating criminals. Several senior executives, including the CEO and chairman, resigned as a result of the investigation. The regulator will announce its decision about the company’s suitability to hold a casino license next week. Similar allegations plague Star’s casinos in Brissie and the Gold Coast, with a new investigation revealing a major Star shareholder is linked to Chinese organised crime. Public hearings for a 2nd independent inquiry in Queensland are set to begin today.