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Australia’s Star Entertainment to defend class action over ‘deceptive conduct’ -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Sydney’s Star Casino Complex is illuminated at night. February 15, 2016, by Jason Reed. REUTERS/Jason Reed

(Reuters) – Australia’s Star Entertainment Group is facing a class action for failing to disclose allegations, it said Wednesday in response to a public inquiry into its casino operations in Sydney.

Star Entertainment was accused of misleading and deceitful conduct between March 29, 2016 to March 16, 2022 in relation to its operations in Australia.

Star Entertainment’s shares dropped by more than 12 percent so far in the year. Star Entertainment stated that it will defend the proceeding.

The lawsuit, launched by Melbourne-based law firm Slater & Gordon in the Supreme Court of Victoria, comes amid a public inquiry into the casino operator’s competency to hold its casino licence in Sydney, after media reports of possible breaches of anti-money laundering and counter-terrorism laws at its casinos.

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