Star Entertainment fined A$260 million over anti-money laundering breaches
An Australian federal court fined casino operator Star Entertainment A$260 million for breaching anti-money laundering and counter-terrorism financing laws.
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what happened
An Australian federal court has ordered casino operator Star Entertainment to pay A$260 million ($182.73 million) for violating anti-money laundering and counter-terrorism financing rules, according to a court judgement released on Wednesday, as reported by Reuters.
In a quarterly trading update earlier this week, the company said it held A$239 million in cash and cash equivalents at the end of last month, along with A$80 million in restricted deposits. The conversion used was $1 = 1.4229 Australian dollars.
why it matters
The size of the penalty can be compared with the company's cash position: A$260 million against A$239 million in cash at the end of last month. The case concerns one operator, but it highlights regulatory scrutiny of money-laundering controls in Australia's gaming sector.
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instruments
sources
- Australia's Star Entertainment fined $183 million for anti-money laundering law breaches — Reuters, 28 October 2026 at 01:24 UTC
- Australia's Star Entertainment fined $183 million for anti-money laundering law breaches — Reuters, 28 October 2026 at 03:19 UTC
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