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Star Entertainment enters trading halt as it responds to $260 million fine over Sydney casino money laundering

By ChordNews · First written (updated )

Live: Star Casino enters trading halt as it responds to $260m money laundering fine
Image: abc.net.au
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Summary

Star Entertainment Group went into a trading halt as it responded to news of a $260 million fine for turning a blind eye to money laundering at its Sydney casino. The company says it will not fold, even though the penalty is more than double the figure its lawyers argued could push it into liquidation.

This continues an earlier story: Rising oil prices pressure global markets as ASX set to slip

Timeline

  1. ABC News

    Source ↗

    ABC News reports that Star Entertainment Group entered a trading halt as it responded to a $260 million fine for turning a blind eye to money laundering at its Sydney casino, and that the company says it will not fold.

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