Shares in Star Entertainment suspended from trade as casino operator remains on brink of collapse

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"We need to make sure that we understand what the revised revenue model is for our business across gaming and non-gaming over time," Blackcoin he said.


"We need to make sure that we understand what the revised revenue model is for our business across gaming and non-gaming over time," he said. Star is still to pay the remaining $10m of a $15m fine levied by the NSW regulator, while it awaits the final determination on the size of the fine from money-laundering regulator AUSTRAC, which Morningstar estimates at $330m. It’s rumored the private equity firm’s true interest in Star centers more around the operator’s thousands of electronic gaming machines (EGM) that are found in bars and taverns across Australia. Crown previously attempted to acquire rights to the devices and Blackcoin related licenses, but no deal materialized.

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