Star accepts A$260M AUSTRAC penalty, flags WhiteHawk facility review event

In an ASX announcement on Thursday, the Sydney, Brisbane and Gold Coast casino operator said it is in talks with lender WhiteHawk Capital Partners and is confident the facility will remain available. The company also said the penalty is materially in line with the provision already booked in its 2026 financial statements and will not affect its ability to continue as a going concern. Justice Cameron Moore of the Federal Court handed down the penalty on Wednesday, ending civil proceedings that AUSTRAC launched in November 2022 against subsidiaries The Star Pty Limited and The Star Entertainment Qld Limited.