The Star helped a high roller spend $11 million in one day

The investigation revealed that the billionaire made 12 separate debit transactions of $900,000 each in exchange for chips at the Pyrmont casino.
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The Star Inquiry revealed last week that it misled the Australian Nationals by disguising around $900 million in deals involving high rollers as “hotel fees” to help them circumvent the rules and get cash into its flagship casino in Sydney. Banks are here.

The Star Group Compliance Manager Graeme Stevens agreed that using the China UnionPay card appeared to be in breach of China UnionPay’s rules prohibiting the use of the card for gambling.

A royal commission-style inquiry is looking into Star Entertainment Group’s ability to retain its casino licence after media allegations the company was involved in money laundering and organised crime infiltration at casinos in NSW and Queensland.

Separately, bigger rival Crown Resorts escaped the licence cancellation of its Perth casino on Thursday after the Western Australian Royal Commission found it unable to operate its business.

“Blunder”

Under intense scrutiny from Ms Sharp and investigation chair Adam Bell, Mr Stevens agreed he should have told the NSW Gaming Authority Star China how UnionPay cards were used, but denied he had made a conscious decision not to do so and agreed it was A “grave” bug”.

The NSW Casino Control Act prohibits most customers from offering lines of credit or accepting debit card payments.

Investigations revealed that The Star was aware of a statement by China UnionPay in April 2013 that its cards could not be used to purchase gaming chips. At this point, they were already operating in The Star.

But Mr Stevens did not tell the regulator when discussing the use of the cards, admitting he had “no explanation for it” as he was at the time between the NSW Independent Liquor and Gaming Authority (ILGA). Contact person. and stars.

He said he accepted that he should have, but did not know at the time that CUP did not allow gambling payments.

Despite receiving emails warning UnionPay will cancel such payments.

He said he believed the bank “could ban them or stop them…not that they specifically stop them”, prompting lawyers who supported him to remind him of his obligation to give honest testimony.

“Mr. Stevens, are you doing your best to be truthful in your assessment now?” Ms Sharpe asked.

He replied, “It’s me, Mrs. Sharp.”

“bypass”

Ms Sharp told the inquest Star had devised two “workarounds” under NSW law that prohibit casinos from accepting debit or credit cards for gaming.