Australian casino giant Star on brink of collapse as cash runs out

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She pointed out that a "white knight" had recently emerged with US gaming giant Bally’s Corporation, blackcoin.co promising to inject $300 million into the firm.


She pointed out that a "white knight" had recently emerged with US gaming giant Bally’s Corporation, promising to inject $300 million into the firm. "$138 billion just from junkets coming through the casino environment is potentially catastrophic in so many ways, Your Honour," he told Justice Cameron Moore. About $138 billion in cash turnover had come in solely through junkets, with an additional $20 billion sourced from high-risk customers, Mr White said. Management at The Star continued to engage with high-risk gamblers without proper controls and blackcoin.co risk assessments in place despite clear findings revealed in a public inquiry into Crown, Mr White said. This amount was a "benchmark" which could be used to determine how much The Star could pay, AUSTRAC barrister Simon White SC argued.
"I do support exploring a new gaming license in Northeast Indiana and the economic development opportunities it could bring to the region." State Sen. Michael Crider, a Republican whose district includes the Shelbyville racino, pointed to data showing that the horse-racing industry contributed $2 billion to the Indiana economy in 2021. He said he will lean toward moving the casino to Fort Wayne unless the horse breeders and racetracks are made whole by a revenue-sharing plan.

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