Star Casino Allegedly Hid $55M in Prohibited Chinese Gambling Transactions

Star Entertainment admits it wasn’t fully upfront with Queensland regulators when it changed a policy in order to conceal $55 million in prohibited gambling transactions from a Chinese bank.
The casino operator allowed China UnionPay cardholders to withdraw cash to bet at its Brisbane and Gold Coast casinos but recorded those transactions as “hotel purchases” with National Australia Bank.
Using debit cards for gambling isn’t illegal in Queensland, but the Chinese lender prohibits the practice.
An inquiry into Star’s suitability to hold a casino licence in Queensland has heard the company changed its financial transaction rules in 2016 to conceal the practice….