A famous casino in Australia is being investigated for money laundering. The country’s financial crime regulator said Star Entertainment Group, the famous casino operator, may have broken a money laundering ban.
Money laundering was one of the dominant issues in the global gambling industry in 2021. And some markets are still committed to minimizing this breach.
As the local media mentioned, star operators were unable to protect consumers from fraud. Money laundering was another issue that accused investigations and authorities of further interest.
Regulators will also check other companies for violations. Crown Resort has become one of them.
Australia’s gambling market is down 1%, while Star’s stock is not as profitable as it used to be (down about 1.7%).