NSW Regulator Fines Star Sydney with $10 Million Over Financial Crime Risk Failures
Synopsis
Star Entertainment’s Sydney casino has been fined A$10 million by the New South Wales gaming regulator over failures in financial crime risk management systems, with an additional A$5 million enforceable undertaking also imposed. The penalties follow investigations into thousands of compliance breaches that occurred between 2018 and 2025 at The Star Sydney. The casino’s licence remains suspended while operations continue under a regulator-appointed manager. Regulators said the breaches exposed customers to gambling harm and increased the risk of criminal infiltration, adding further pressure on the embattled casino operator amid ongoing financial and operational challenges.
Star Entertainment Group has been fined A$10 million from the NSW gaming regulator over deficiencies in The Star Sydney's financial crime risk management operations.
Key Highlights
- NSW regulator imposes A$10 million fine on Star Sydney
- Enforceable undertaking announced for an additional A$5 million
- thousands of breaches investigated from 2018-2025
- Sydney casino licence remains suspended
- Star under regulator-appointed manager
Regulator slaps major fine on Star Sydney
The Star Sydney in NSW centre would pay a total of A$10 million in penalties because of failings of the operation and effectiveness of its financial crime risk management systems. The company lacks a plan for how to cooperate with shareholders who were directed by the regulator to allocate another A$5 million as part of an enforceable undertaking.
The move comes after investigations by Liquor and Gaming NSW examining thousands of breaches which occurred between December 2018 and September 2025. The fines come as The Star Sydney continues to have its casino licence suspended until further notice.
Thousands of Non-Compliant Breaches Discovered
The NICC said that a number of the breaches were found via The Star's ongoing remediation program and that some compliance deficiencies were self-reported by the company during audits. Regulators said the understanding uncovered deficiencies at the club into financial wrongdoing dangers and left clients open to getting hurt.
NICC Chief Commissioner Philip Crawford said much of the breaches occurred before more systematic remediation measures and technology upgrades, including carded play systems had been instituted at the casino.
Star Under Continued Pressure on Operational and Financial Fronts
The latest penalties increase mounting pressure on the Star Entertainment Group, which has been forced to operate under the supervision of a manager appointed by the regulator. The company's casinos face growing scrutiny from regulators over compliance and governance problems.
Star's latest update, released on 24 October, showed it had reported a sequential Q3 loss owing to soft seasonal conditions and lower table gaming revenue. The company had no immediate comment on the newest fines imposed by the regulator.
FAQs
- How much wasStar Sydney fined ?
The NSW regulator also fined Star Sydney A$10 million.
- The Star Sydney was fined millions why?
The penalties were connected to failures in the management of financial crime risk.
- What is the A$5 million commitment?
It is an ASIC imposed enforceable undertaking.
- Is Star Sydney still operating ?
Yes, but supervised by a manager appointed by the regulator.
- What years did breaches cover?
The breaches took place from 2018-2025.
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