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Beinternet offers online gambling from sports betting, online casino (such as Poker and blackjack), live dealer casino (such as roulette) and fixed odds games. It showed “systemic and extremely serious issues” involving multiple Star staff falsifying records to suggest they had intervened in players’ extended gambling stretches when no interaction had taken place. Shares in the company were placed in a trading halt on Friday because of the public release of the findings from a damning inquiry into a litany of failures within the billion-dollar gambling firm’s operations.
‘However, the Bell Report underscores the NICC’s concerns that it was not receiving all of the facts from The Star at a time when we needed certainty the company could fund and prioritise an urgent business turnaround,’ he said. Its Sydney licence remains suspended after a first inquiry found damning evidence of anti-money laundering and counter-terrorism failings, although it has been allowed to keep the casino operating with a regulator-appointed manager.
The NSW regulator’s chief commissioner, Philip Crawford, said the latest Bell report validated concerns that prompted the second inquiry, highlighting a company that had not moved fast enough to address previously aired governance and cultural issues. But the second Adam Bell-led inquiry declared in its report the period since the last findings in 2022 had been “marked by lost opportunities and missteps”, including four significant compliance breaches.
‘The Bell Report notes that Mr Steve McCann Group CEO, Ms Janelle Campbell Sydney CEO and Ms Jeannie Mok Group Chief Operating Officer, bring important experience and expertise to the process of engagement with regulators and remediation and cultural transformation, which will be vital if the NICC decides that The Star should remain as the operator of The Star Casino,’ Mr Crawford said.
