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ABC News
ABC News
National

Executives resign from Sydney's Star Casino after inquiry heard allegations of serious crime at the venue

There have been allegations of money laundering and criminal infiltration at the casino. (ABC News)

Three executives from Star Entertainment have resigned following an inquiry into the company's suitability to run its Sydney casino.

Chief financial officer Harry Theodore, chief casino officer (NSW) Greg Hawkins and chief legal & risk officer and company secretary Paula Martin have resigned.

A public inquiry has heard allegations of money laundering, fraud and criminal infiltration at the casino in Pyrmont.

Star Entertainment said in a statement further announcements would be made in relation to permanent executive appointments once finalised.

Matt Bekier resigned amid serious allegations of crime at the casino. (AAP: Dan Peled)

In late March, CEO and managing director Matt Bekier resigned from the Star board, claiming he wanted to take "responsibility" for the misconduct uncovered at the inquiry.

Mr Bekier told the inquiry he accepted that issues raised at the inquiry suggested a "significant, systemic and cultural" problem at the casino.

He had been at the helm of Star for eight years.

The Independent Liquor and Gaming Authority public inquiry into Star has been running for several weeks, and several damning revelations about operations at the Pyrmont venue have been disclosed.

The inquiry was told that a key figure in Star Casino's international VIP team is accused of misappropriating more than $13 million in gambling money before "disappearing" in 2020.

The senior manager, who worked with Chinese high rollers, allegedly transferred a $13.3 million payment from a junket operator into his own account, rather than the Star's.

Adam Bell, SC, who is leading the inquiry, heard evidence that a secret junket room was set up at the casino, senior managers turned a blind eye to money-laundering risks and misled the Independent Liquor and Gaming Authority and the National Australia Bank. 

A class action has been filed on behalf of investors in the Star Entertainment Group seeking compensation for misleading or deceptive representations Star made about its compliance with regulatory obligations. 

The class action alleges Star led investors to believe the group was a model casino operator when, in reality, it was failing to mitigate corruption, money laundering and bribery.

In response to 2021 media reports about Star's misconduct, the company's share price declined by more than 25 per cent, wiping more than $1 billion from the company's value.

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