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Add 'Catastrophic' risk: Why Star shares have lost 25% in 4 days

Brain Reardon 2025-11-23 05:19:13 +08:00
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%27Catastrophic%27-risk%3A-Why-Star-shares-have-lost-25%25-in-4-days.md Normal file

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<br>As of January 2025, AUSTRAC is currently calculating a fine for breaching counterterrorism and anti-money laundering laws. The company has deposited $150 million for the fine, and it is reported that shareholder Bruce Mathieson is refusing to pour more money into the company until a fine is agreed upon. Foster's departure came after he told the official inquiry his company was currently unsuitable to operate a casino in New South Wales. There was ‘not a scenario’ in which it would be able to run the property unsupervised. In late 2022, the Queensland Government also found Star unsuitable to hold its dual state casino licences.
This means the Star share price is down approximately 60% over the last 12 months. In morning trade, the casino operator's shares are down a massive 19% to $1.52. Meanwhile, the company has provisioned $150 million for [blackcoin.co](https://blackcoin.co/best-online-casinos-australia-for-real-money-gaming-in-2025-ricky-casino-review/) potential fines from AUSTRAC following breaches of anti-money laundering laws, according to reporting by The Australian.
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