Star's casino license in NSW at risk?

The Star Entertainment Group ceased trading of its shares on the Australian Securities Exchange after various news agencies suggested the company's license had been revoked. casino license in the New South Wales (NSW) state.

Numerous casino operators in Australia are under scrutiny for neglecting responsible gaming practices. The Crown Sydney faced a similar threat to its license, and now Star Casino could be next in line.

The Star has been under the magnifying glass since September of last year. With the investigation now drawing to a close, media sources hint that the Star Entertainment Group might soon part ways with its prized casino license, a scenario that could dramatically affect the company’s stock value.

Australian newspapers, however, indicated that Star might retain its license in New South Wales should it implement necessary compliance changes and show goodwill by overhauling its board of directors.

In response, Star acknowledges it hasn’t yet acquired the report, nor is aware of its contents. Nonetheless, they stated that the report would be available soon.

Addressing the circulating rumors, Star requested an immediate halt to share trading on the ASX, apprehensive that uninformed trading might ensue. The company stated, 'Star isn't aware of any rationale for denying the trading halt nor any requisite information for disclosure to ASX.'

The Star Entertainment Group's empire consists of three land-based casinos, nestled in Sydney, Brisbane, and the Gold Coast. These venues offer a repertoire of gaming experiences such as: Roulette and Blackjack .