The Queensland government has initiated a comprehensive review into Star Entertainment Group, focusing on its suitability to hold a casino license. The investigation will specifically examine the use of China UnionPay payments at Star properties, aiming to evaluate the operator’s compliance with currency movement restrictions. The review will also assess Star’s commitment to anti-money laundering responsibilities, management of VIP patrons, exclusions, and approaches to gambling harm minimization. Former judge Robert Gotterson has been appointed to lead the independent external review, which will have the authority of a commission of inquiry.
Investigation of China UnionPay Payments:
One of the key aspects of the probe will focus on China UnionPay debit or credit card facilities and related arrangements that potentially facilitate gambling by Chinese nationals in spite of currency movement restrictions. The review aims to assess the extent of Star Entertainment Group’s involvement in facilitating such activities and its compliance with regulatory measures. This investigation aligns with recent concerns regarding the use of China UnionPay cards for gambling purposes, as evidenced by Victoria’s gambling regulator imposing a substantial fine on Crown Resorts for similar practices.
Emphasis on Anti-Money Laundering and VIP Management:
The review will evaluate Star Entertainment Group’s commitment to anti-money laundering responsibilities, aiming to determine the effectiveness of its measures to prevent money laundering within its operations. Additionally, the management of VIP patrons, who often account for a significant portion of casino revenue, will be scrutinized to ensure responsible and ethical practices. This includes assessing the operator’s processes for identifying and managing potential risks associated with VIP clientele.
Approach to Exclusions and Gambling Harm Minimization:
The review will examine Star’s management of exclusions, which refers to the self-exclusion programs designed to assist individuals who wish to restrict their access to gambling services. The effectiveness and implementation of these programs will be assessed to ensure they provide adequate support for individuals experiencing gambling-related harm. The inquiry will also analyze Star Entertainment Group’s broader approach to gambling harm minimization, focusing on the measures in place to prevent and mitigate the negative impacts of gambling.
Significance of Public-Led Gambling Harm Prevention:
The review in Queensland reflects an increasing emphasis on public-led gambling harm prevention. The government’s decision to initiate the probe demonstrates a commitment to addressing concerns related to money laundering and integrity within the gambling industry. By conducting an independent external review, Queensland aims to ensure transparency, gather relevant evidence, and hold Star Entertainment Group accountable for its operations. This approach aligns with the need for robust regulatory oversight to protect vulnerable individuals and maintain the integrity of the gambling sector.
The Concurrent Review in New South Wales:
The Queensland review comes in the wake of a similar investigation into Star Entertainment Group’s activities in New South Wales. The ongoing review in New South Wales initially focused on concerns regarding junket operators and money laundering prevention measures at The Star Sydney. The scope of the investigation was subsequently expanded to include other entities within the group. The public hearings conducted during the review have uncovered several allegations, including claims of improper operations related to junket operator Suncity and potential breaches of the Casino Control Act.
The launch of the comprehensive review into Star Entertainment Group by the Queensland government marks a significant step in assessing the operator’s suitability to hold a casino license. The investigation will closely examine China UnionPay payments, anti-money laundering responsibilities, VIP management, exclusions, and gambling harm minimization efforts. By appointing an independent external review led by former judge Robert Gotterson, Queensland aims to ensure a thorough and unbiased assessment. This public-led approach to gambling harm prevention aligns with the need for transparency, accountability, and a commitment to protecting individuals from the potential risks associated with gambling.