Star unsuitable for casino after damning second probe
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Its Sydney licence remains suspended after a first inquiry found damning evidence of anti-money laundering and counter-terrorism failings, although it has been allowed to keep the casino operating with a regulator-appointed manager. But the second Adam Bell-led inquiry declared in its report the period since the last findings in 2022 had been "marked by lost opportunities and missteps", including four significant compliance breaches. Sun International, which achieved mixed results across its segments, said in a statement its urban casino income - its biggest revenue generator - was flat at 3.3 billion rand.
Sunbet was the stand-out with a 71. If you want to learn more info in regards to เครดิตฟรี have a look at our own internet site. 8% rise in income to 512 million rand. Shares in the company were placed in a trading halt on Friday because of the public release of the findings from a damning inquiry into a litany of failures within the billion-dollar gambling firm's operations. The NSW regulator's chief commissioner, Philip Crawford, said the latest Bell report validated concerns that prompted the second inquiry, highlighting a company that had not moved fast enough to address previously aired governance and cultural issues.
The owner of the Sun City resort and Maslow Sandton and Table Bay high-end hotels said adjusted headline earnings per share - its main profit measure - rose to 2.15 rand ($0.1201) in the six months to June 30, from 1.97 rand a year earlier. It showed "systemic and extremely serious issues" involving multiple Star staff falsifying records to suggest they had intervened in players' extended gambling stretches when no interaction had taken place. "The gaming industry is experiencing dynamic changes and Sun International, through Sunbet, will continue leveraging its strong brand and market presence to expand our customer base and enter new online markets across Africa," Sun International said.
JOHANNESBURG, Sept 9(Reuters) - Sun International reported a 9.1% rise in first-half earnings on Monday, as record growth in the South African casino and hotel group's betting business helped drive its income.
Sunbet was the stand-out with a 71. If you want to learn more info in regards to เครดิตฟรี have a look at our own internet site. 8% rise in income to 512 million rand. Shares in the company were placed in a trading halt on Friday because of the public release of the findings from a damning inquiry into a litany of failures within the billion-dollar gambling firm's operations. The NSW regulator's chief commissioner, Philip Crawford, said the latest Bell report validated concerns that prompted the second inquiry, highlighting a company that had not moved fast enough to address previously aired governance and cultural issues.
The owner of the Sun City resort and Maslow Sandton and Table Bay high-end hotels said adjusted headline earnings per share - its main profit measure - rose to 2.15 rand ($0.1201) in the six months to June 30, from 1.97 rand a year earlier. It showed "systemic and extremely serious issues" involving multiple Star staff falsifying records to suggest they had intervened in players' extended gambling stretches when no interaction had taken place. "The gaming industry is experiencing dynamic changes and Sun International, through Sunbet, will continue leveraging its strong brand and market presence to expand our customer base and enter new online markets across Africa," Sun International said.
JOHANNESBURG, Sept 9(Reuters) - Sun International reported a 9.1% rise in first-half earnings on Monday, as record growth in the South African casino and hotel group's betting business helped drive its income.
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