Star Entertainment may have violated criminal law, as well as corporate and gambling law, with its controversial “bypass” program to use China UnionPay cards for gambling.
On her second day of final submissions to the Bell Inquiry, Naomi Sharp SC said the operator broke the law every time she swiped China UnionPay cards in her hotel lobby and made the funds available for games of chance. They can account for around 2,000 violations of the casino control law.
It may also have breached anti-fraud laws when its executives sent “misleading and misleading” emails to lender National Australia Bank.
The investigation heard that Star allegedly processed nearly 2,000 transactions by 1,300 VIP players through CUP from 2012. In total, around $900 million was put on the cards.
On Tuesday, Sharp recommended that the investigation conclude that Star was unfit to hold its license for Star Sydney Casino due to the company’s numerous governance failures.
Much of the investigation focused on Star’s international VIP activities, which allegedly placed profit above its corporate and regulatory responsibilities.