“We’ve decided to impose a fine of $100 million on The Star, and secondly, to suspend the Star’s casino licence,” he said.
“It’s giving a real message to the industry that gambling in this country is not illegal but it’s got to be done by certain rules.”
Why has Star’s license been suspended?
NSW parliament passed laws boosting the maximum penalty to $100 million only last month, up from $1 million.
“Without leadership, this remediation plan is probably useless.”
New manager appointed
Net earnings from gambling will be remitted to staff to enable it to continue to run.
“My big focus to deal with those issues is my commitment to our regulators, to our government partners, to our 75,000 shareholders, 8000 team members and the community at large to rebuild trust.”