The NSW Independent Casino Commission has notified The Star that its licence will remain suspended and the NICC-appointed Manager, Mr Nick Weeks, will continue to have oversight of casino operations until at least 30 September 2025, at which time the NICC will reassess The Star’s suitability to regain its casino licence.
The NICC sought submissions from both The Star and the Manager in relation to The Star’s suitability. In its submissions The Star accepted that the Manager should remain in place for a further six months while remediation continues and The Star implements measures to secure its finances.
NICC Chief Commissioner, Mr Philip Crawford said that the submissions demonstrated steady improvements in The Star’s remediation but ongoing uncertainty meant that progress was slow and The Star’s licence suspension should remain in effect.
“We continue to see progress in The Star’s remediation efforts. However, ongoing uncertainty surrounding its finances have prevented the company from making quicker progress than anticipated” Mr Crawford said. “We’re confident The Star is moving in the right direction but the next six months will be critical. They need to continue to implement their remediation activities and stabilise their finances.”
Mr Weeks will continue to hold the licence until at least 30 September 2025, allowing The Star to operate gaming facilities while its licence is suspended.
The Star’s Group CEO and Managing Director, Steve McCann, said: “We acknowledge that there is more work to do but we remain committed to delivering on our Remediation Plan to support the safe and compliant operation of our business. The Star is committed to continuing its transparent and constructive relationship with the Manager, the NICC and the New South Wales Government, and demonstrating to all its stakeholders its suitability as a licence holder as soon as possible.”
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The NSW Independent Casino Commission has notified The Star that its licence will remain suspended and the NICC-appointed Manager, Mr Nick Weeks, will continue to have oversight of casino operations until at least 30 September 2025, at which time the NICC will reassess The Star’s suitability to regain its casino licence. The NICC sought submissions…
The post The Star licence suspension extended for six months appeared first on G3 Newswire.