Australia's Star to Defend Class Action

Australia’s Star Entertainment Group faces a class action over allegations it failed to comply with disclosure requirements, the company said on Wednesday, amid a public inquiry into the group’s casino operations in Sydney.

The lawsuit claimed Star had engaged in “misleading or deceptive conduct” between March 29, 2016 and March 16, 2022 about its systems, controls, operations and regulatory risks in Australia, the casino operator said in a statement.

Star Entertainment, whose shares have dropped more than 12% so far this year, said it intends to defend the proceedings.

The lawsuit, launched by Melbourne-based law firm Slater & Gordon in the Supreme Court of Victoria, comes amid a public inquiry into the casino operator’s competency to hold its casino licence in Sydney.

The doubts followed media reports of possible breaches of anti-money laundering and counter-terrorism laws at its gambling properties.

Reuters with additional editing by Jim Pollard

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Tags: Australia

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.