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Construction PRO
Star Entertainment has come up short in its $4 million case against Buildcorp Group over alleged defective construction and refurbishment work on the gambling giant's Sydney casino.
Construction PRO
Buildcorp Group is pointing the finger at a host of subcontractors as it fights a case brought by Star Entertainment over allegedly defective combustible cladding at its Sydney casino, which cost $4.4 million to replace.
The former CEO of the Star was not responsible for every aspect of the business and instead played a "supervisory role", a court has heard in ASIC’s case over the casino’s money laundering failures.
Star Entertainment's management and board cannot shirk responsibility for turning a blind eye to money laundering risks by pointing the finger at each other, ASIC has told a court.
Star has agreed to a $300 million deal that will see the embattled company taken over by US-based casino operator Balley's.
The suspension of Star's NSW casino licence has been extended for a further six months, as the company works to stabilise its finances.
On questioning by a judge, Star's former top lawyer has denied making a mistake by failing to tell the board about issues with junket Suncity in May 2018, but said her view was different now with hindsight.
During trial on Monday, ASIC also accused Star's former top lawyer of giving false evidence about alleged cash for chip transactions in junket operator Suncity’s VIP room.
The Star's former CEO has told a court he thought a general counsel was “painting very dramatic pictures” when he voiced concerns about cash transactions in junket operator Suncity’s VIP room.
A judge hearing two enforcement cases by regulators against embattled casino operator Star Entertainment has flagged the potential appearance of bias if he continues to preside over both proceedings.