Penalty
Bally’s says A$260m Star penalty will not cause insolvency
The penalty’s instalment schedule and Star’s financial position affect its recovery prospects and investors’ assessment of the operator.
All news
Reports
Federal Court orders The Star to pay A$260m for AML/CTF breaches
Casino operators should review customer checks and monitoring for high-risk customers to meet AML and counter-terrorism financing laws.
Fine
Federal court fines Star Entertainment A$260m for AML/CTF failures
The judgment sets a substantial penalty for casino controls that failed to address money-laundering and terrorism-financing risks.
Star Entertainment faces possible A$400m civil penalty ahead of court ruling
The expected ruling will determine the financial penalty facing the casino operator.
Acquisition
The PA agrees acquisition of RAS Technology to expand betting data
The PA's acquisition of RAS Technology, combined with Podium, expands its sports data supplier reach into Australia.
Acquisition
The PA agrees AU$49.8m takeover of Racing and Sports owner RAS Technology
The PA agreed to acquire RAS Technology Holdings, owner of Racing and Sports, for about AU$49.8m in cash.