Bally’s backs Star Entertainment’s turnaround after $182 million penalty

Bally’s Corporation has backed The Star Entertainment Group ’s turnaround efforts after the Federal Court of Australia imposed a A$260 million (US$182.64 million) penalty on the casino operator’s subsidiaries over historical breaches of anti-money laundering and counter-terrorism financing laws. The penalty, payable in four instalments over 19 months, relates to conduct that occurred before Bally’s invested in The Star and before the appointment of its current board and executive leadership.