As of January 2025, AUSTRAC is currently calculating a fine for breaching counterterrorism and anti-money laundering laws. The company has deposited $150 million for the fine, and it is reported that shareholder Bruce Mathieson is refusing to pour more money into the company until a fine is agreed upon. Foster's departure came after he told the official inquiry his company was currently unsuitable to operate a casino in New South Wales. There was ‘not a scenario’ in which it would be able to run the property unsupervised. In late 2022, the Queensland Government also found Star unsuitable to hold its dual state casino licences.
Other options are to find potential suitors or sell individual assets to aid liquidity concerns. We believe that Star is unlikely to trade itself out of the current predicament. In order to avoid a repeat of the above, https://voyostars.com/read-blog/27641_australian-online-casinos-2025.html the company is making an extensive effort to protect its exclusive position in Queensland through substantial capital investments. Unfortunately, due to the proximity of the Brisbane and Gold Coast casinos some cannibalisation may occur in the smaller gaming market. Unfortunately, the inquiry is not off to a great start for Star shareholders, putting pressure on Star Shares. The Star Entertainment share price is now down 24.64% over four trading sessions, as depicted in the chart below. Star's share price deterioration is unfolding as the company faces its second inquiry in less than a year.