Guest rooms at a hotel above Sydney's Star Casino complex are seen illuminated at night, February 15, 2016. REUTERS/Jason ReedSYDNEY, June 14 (Reuters) - Australia's Queensland state said it will investigate whether to let the country's No. 2 casino operator Star Entertainment Group Ltd (SGR.AX) keep its gambling licence amid money laundering concerns, putting a cloud over the company's main growth plan. If that inquiry finds Star unsuitable, it would likely disrupt the company's plan to open a A$3.6 billion ($2.5 billion) casino resort in central Brisbane as planned in 2023. The NSW regulator launched a separate inquiry into Star after new media reports accused the company of compliance shortcomings, which it denied.

Source: thestar June 14, 2022 03:26 UTC