Star Entertainment, one of the largest owners and operators of land-based casinos in Australia, has received approval to start the remediation programme at The Star Sydney, its landmark venue in New South Wales.
The Australian company had appointed Allen & Overy Consulting, a law firm based in London, to serve as an independent monitor for the design and implementation of the programme, as requested by the Independent Casino Commission of New South Wales.
The state regulator had concluded that the operator was unfit to hold a casino license in Sydney and later decided to suspend the company’s license and also issued a fine worth 100 million Australian dollars.
Now the law firm appointed to monitor the casino’s activity has announced that Star Entertainment is ready to commence the execution phase of its remediation programme. The remedial measures are key to the company being able to continue its activities at The Star Sydney as its license was not yet canceled.
While the license remains suspended the Sydney casino will operate under the management of Nicholas Weeks, who was appointed in this position by the New South Wales Independent Casino Commission.