From 2ef8ebec7a1c0a09422206784f0f820d7cbbaeab Mon Sep 17 00:00:00 2001 From: zafjame506225 Date: Wed, 3 Dec 2025 14:13:46 +0800 Subject: [PATCH] Add 'Catastrophic' risk: Why Star shares have lost 25% in 4 days --- ...ic%27-risk%3A-Why-Star-shares-have-lost-25%25-in-4-days.md | 4 ++++ 1 file changed, 4 insertions(+) create mode 100644 %27Catastrophic%27-risk%3A-Why-Star-shares-have-lost-25%25-in-4-days.md diff --git a/%27Catastrophic%27-risk%3A-Why-Star-shares-have-lost-25%25-in-4-days.md b/%27Catastrophic%27-risk%3A-Why-Star-shares-have-lost-25%25-in-4-days.md new file mode 100644 index 0000000..d25e809 --- /dev/null +++ b/%27Catastrophic%27-risk%3A-Why-Star-shares-have-lost-25%25-in-4-days.md @@ -0,0 +1,4 @@ +
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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 [kiochat.com](https://kiochat.com/read-blog/399_safe-fast-prepaid-gambling.html) 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 potential fines from AUSTRAC following breaches of anti-money laundering laws, according to reporting by The Australian. +
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