Star Casino Allegedly Hid $55M in Prohibited Chinese Gambling Transactions

Star Casino Allegedly Hid $55M in Prohibited Chinese Gambling Transactions
A bank employee counts out 100 yuan notes at a bank in Shanghai on Aug. 8, 2018. Johannes Eisele/AFP via Getty Images
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Star Entertainment admits it wasn’t fully upfront with Queensland regulators when it changed a policy in order to conceal $55 million in prohibited gambling transactions from a Chinese bank.

The casino operator allowed China UnionPay cardholders to withdraw cash to bet at its Brisbane and Gold Coast casinos but recorded those transactions as “hotel purchases” with National Australia Bank.