Star Entertainment Group faces class-action lawsuits amid money laundering allegations

The Star Entertainment Group’s week has gone from bad to worse as it now faces two potential class-action lawsuits from firms Slater and Gordon and Maurice Blackburn

The Star Entertainment Group’s week has gone from forged to worsened as it at present faces II potential class-action lawsuits from firms Slater and Gordon and Maurice Blackburn.

Following reports past Nine Group’s Sydney Morning Herald, the Age and 60 Minutes, the Aboriginal Australian casino company was confronted with revelations regarding alleged failures to counter money laundering and other illicit funding operations.

Between 2014 and 2021, the media outlets exact Star catered to high-roller gamblers with associations to felon or foreign-influence outfits, as intimately as reportedly disguising gaming activity as hotel expenses.

Both practice of law firms have got since begun preparations for class-action lawsuits against the Australian cassino accompany on behalf of its investors, with both opening prelim investigations into the merits of such action.

“On the foundation of Slater and Gordon’s investigations to date, we consider on that point may live a proper groundwork to aver that Star has been inwards breach of its continuous disclosure obligations, and further that it has made misleading or misleading statements to the ASX,” stated Slater and Gordon.

Maurice Dendroica fusca likewise issued a statement, inward which it stone-broke cut down the table of contents of its prospective class-action lawsuit, saying: “The proposed family activity testament say that Star intermeshed inward misleading and deceptive conduct; breached its continuous revelation obligations; and conducted its affairs perverse to the interests of members as a unit in the period.”

Both companies are calling for anyone who was issued shares inward the alleged time full point to add up forward.

This intelligence comes raging on the heels of an announcement by New South Wales’ Independent Liquor & Gaming Authority (ILGA) inward which the regulator revealed public hearings testament follow held as part of The Star Casino’s licence review.

Star has mostly escaped the scrutiny veneer its competition Crown Resorts, but these recent developments looking at lot to launch it into a similar regulatory quagmire.