Summary:
The New South Wales Independent Casino Commission (NICC) doesn’t approve of the company hiring its own independent monitor for its flagship casino. The position is held by Nicholas Weeks, who was appointed by the NICC after the company’s casino license was suspended in New South Wales.
The New South Wales Independent Casino Commission (NICC) does not approve of the company hiring its own independent monitor for its flagship casino in Sydney.
As a result of an NICC report into its business affairs, Star Sydney must operate under the supervision of an independent monitor, according to new licensing conditions. The position is held by Nicholas Weeks who was appointed by the NICC following the suspension of the company’s casino license in New South Wales.
Allen & Overy Consultants was hired by Star Group to assist with monitoring and assurance services in relation to management’s progress in implementing disclosed remediation actions. According to the press release, the NICC wouldn’t endorse its appointment of A&O.
The Star Board made the appointment of A&O to monitor the progress in implementing the actions of the management. According to information received from the Manager of The Star Sydney Casino, the NICC does not endorse the appointment of an independent monitor at this time and as such A&O’s appointment is not made nor endorsed by the NICC. The Star continues to cooperate and work with the Manager as he manages the operations of the Sydney casino.
As an independent monitor, Weeks assumes full control of the casino and is considered the license holder until such a time as the suspension is lifted or a new monitor is appointed, according to the suspension conditions.
The company could lose its license to operate in QUEENSLAND in the near future as an inquiry is still underway into Star’s suitability to hold a license in the state.
The image was created by Maksym Kozlenko.