Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Asia-Pacific, Australia, Gaming

NEWS: Star Entertainment agrees to $180M Bally’s rescue bid

Premium April 7, 2025

A view of signage at Star Entertainment's The Star casino in Sydney, Australia, March 3, 2025. REUTERS/Christine Chen/File Photo

Premium

NEWS: Ex-Janus Henderson analyst convicted over £1M money laundering and insider trading

 Premium

NEWS: Canada bill will make AML compliance orders mandatory

 Premium

NEWS: FIU Netherlands highlights terrorist financing probes 

By Scott Murdoch

AUSTRALIAN casino group Star Entertainment has agreed to a A$300 million ($179.70 million) rescue package from U.S. group Bally’s that will hand over control of the embattled group.

The investment will be made through multi-tranche convertible notes and subordinated debt instruments, Star said in an Australian Securities Exchange filing.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in
Premium

NEWS: Ex-Janus Henderson analyst convicted over £1M money laundering and insider trading

 Premium

NEWS: Canada bill will make AML compliance orders mandatory

 Premium

NEWS: FIU Netherlands highlights terrorist financing probes 

Regulatory Watch News

  • Bulgaria: EPPO conducts searches in investigation into corruption involving EU fisheries funds

    European Public Prosecutor's Office

    (Luxembourg, 19 June 2025) – On behalf of the European Public Prosecutor’s Office (EPPO) in Sofia (Bulgaria), the Bulgarian National Police carried out several searches today, in an investigation into suspected passive corruption and abuse of office affecting EU-funded maritime and fisheries programmes. The searches targeted private residences and work premises in Sofia and Oryahovo and are linked to officials from the Directorate “Maritime Affairs and Fisheries” at the Ministry of Agriculture and Food – the managing authority of the EU funds concerned, suspected of passive corruption and abuse of office.

  • Europol has identified AI powered fraud as a key problem area
    8 arrests for migrant smuggling and drug trafficking across the Mediterranean

    Europol

    The gang used minors as skippers in its criminal operations to minimise the risk of detection. Europol has supported Spanish authorities (Policía Nacional) in a transnational operation against a highly-organised network involved in both migrant smuggling and drug trafficking between Spain and Morocco. Authorities believe the group smuggled over 200 people and obtained over EUR 2.5 million in profits.

  • Alleged $6bn Mambila Fraud: Liyel Imoke Wrote Contractor Company that FEC did not Approve the Contract- Witness

    EFCC

    The Third Prosecution Witness, PW3, Umar Babangida in the trial of the former Minister of Power and Steel Development, Olu Agunloye, on Monday, June 16, 2025, told Justice J.O. Onwuegbuzie of the Federal Capital Territory High Court, Apo, Abuja that Agunloye’s successor, Senator  Liyel Imoke revealed that the Federal Executive Council meeting of May 21, 2003 did not approve the memo of his predecessor for the award of the Mambila Hydro Power Project to Sunrise Power and Transmission Company Limited. Agunloye is facing prosecution by the Economic and Financial Crimes Commission, EFCC, on a seven-count charge, bordering on fraudulent award of the contract to Sunrise Power and Transmission Company Limited and official corruption to the tune of $6billion (Six Billion Dollars).

Sign Up To Our Newsletter

Contact Us