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Star Entertainment Group fined $A260 million for money laundering breaches
The Star Entertainment Group has been ordered by an Australian Federal Court to pay a $A260 million fine for systemic breaches of anti-money laundering and counter-terrorism financing laws. The ruling follows legal action initiated by the financial intelligence agency AUSTRAC in 2022, which had originally sought a $A400 million penalty.
Justice Cameron Moore stated that the company “put profit ahead of compliance” on a large scale. The court noted that the penalty was mitigated by the company's remediation efforts and previous fines for overlapping conduct. The group has been granted 19 months to pay the fine in four equal instalments, with the first payment due within 28 days.
The massive fine poses an existential threat to the company, which previously warned that any penalty exceeding $A100 million could lead to liquidation. Star Entertainment Group entered a trading halt on the ASX following the decision. The company was previously saved from administration in 2025 by a $A300 million rescue package led by Bally’s Corp chairman Soo Kim and the Mathieson family.
Entities
AUSTRAC · Bally’s Corp · Bally’s Corporation · Cameron Moore · Federal Court of Australia · Star Entertainment Group
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 8 SOURCES] Star Entertainment Group entered a trading halt on the ASX. www.odt.co.nz · www.perthnow.com.au · www.elbalad.news · www.epochtimes.com · www.fool.com.au · +3 more
- [● 6 SOURCES] AUSTRAC originally requested a $A400 million penalty. www.odt.co.nz · www.perthnow.com.au · www.elbalad.news · www.brisbanetimes.com.au · www.theage.com.au · +1 more
- [● 8 SOURCES] The Federal Court fined Star Entertainment Group $A260 million. www.odt.co.nz · www.perthnow.com.au · www.elbalad.news · www.epochtimes.com · www.fool.com.au · +3 more
- [● 2 SOURCES] The first fine instalment is due within 28 days of the judgment. www.epochtimes.com · www.fool.com.au
- [● 6 SOURCES] Bally’s Corp chairman Soo Kim led a $A300 million rescue package for the company in 2025. www.odt.co.nz · www.perthnow.com.au · www.epochtimes.com · www.brisbanetimes.com.au · www.theage.com.au · +1 more
- [● 4 SOURCES] The fine is to be paid in four equal instalments over 19 months. www.odt.co.nz · www.perthnow.com.au · www.epochtimes.com · www.fool.com.au
- [● 8 SOURCES] Star Entertainment Group breached anti-money laundering and counter-terrorism financing laws. www.odt.co.nz · www.perthnow.com.au · www.elbalad.news · www.epochtimes.com · www.fool.com.au · +3 more
- [● 7 SOURCES] The company argued that a fine over $A100 million could lead to liquidation. www.odt.co.nz · www.perthnow.com.au · www.epochtimes.com · www.fool.com.au · www.brisbanetimes.com.au · +2 more