Star Entertainment Group Limited Class Action Settlements

Star Entertainment Group Limited Class Action

You web browser may not be properly supported. To use this site and all its features we recommend using the latest versions of Chrome, Safari or Firefox x Current class actionsThe Star Entertainment Group Limited Class ActionSlater and Gordon, as instructed by the lead plaintiff, commenced a group proceeding (class action) against The Star Entertainment Group Limited (SGR.AX) (Star) on 29 March 2022. Register FAQsBackground to the proceedingStar has held itself out as an ethical and responsible casino operator that complied with its legal and regulatory obligations.However, widespread media reporting in October 2021 revealed that Star had cultivated high roller players who were allegedly associated with criminal or foreign-influence operations and had failed to comply with its obligations under anti-money laundering and counter-terrorism financing laws.In response to those media reports, Star’s share price declined by more than 25 per cent, wiping more than $1 billion from the company’s value.In 2021, the NSW Independent Casino Commission announced it would appoint Adam Bell SC to undertake a review of The Star and its Sydney Casino in order to determine if it was suitable to hold a license in NSW. On 17 October 2022 the NICC announced it had suspended The Star’s licence indefinitely, fined the casino $100 million, and appointed a manager. The NICC has since extended the suspension of The Star’s licence and the term of the appointed manager on multiple occasions, most recently to 30 September 2026.The AllegationsThis class action alleges that Star made misleading representations relating to its compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and associated instruments (AML/CTF Laws).