|
|
|
<br>The threat of a massive AUSTRAC fine is complicated by the fact that Star agreed to a $300 million takeover offer from US-based Bally’s Corp and billionaire Bruce Mathieson in April. The agency is pushing for a $400 million fine, [blackcoin.co](https://blackcoin.co/bizzo-casino-australia-in-depth-review/) which would be slightly less than the $450 million fellow operator Crown Resorts paid in 2023 for similar violations. Star, which has been on the brink of collapse for nearly two years, has said that even a $100 million penalty could imperil its future. Initially charged with 289 criminal counts, Chau received the conviction although a judge acquitted him on infractions pertaining to money laundering. |