Star Entertainment Group
The Star Entertainment Group Limited is an Australian gambling and entertainment company. The company was formerly known as Echo Entertainment. Properties. The Star Entertainment owns and operates the Treasury Casino & Hotel, The Star Gold Coast and The Star, Sydney. Star Entertainment holds two out of Queensland's four casino operation licenses. The group also manages the Gold Coast Convention & Exhibition Centre on behalf of the Queensland Government. Queen's Wharf Brisbane. The Queensland Government announced on 20 July 2015 that Echo Entertainment as 50% joint venture partner of the Destination Brisbane Consortium was the preferred tenderer for  Queen's Wharf, Brisbane, beating rival Crown Resorts. Echo has two Hong-Kong based joint venture partners Chow Tai Fook Enterprises and Far East Consortium. The two joint venture partners will each contribute 25% of the capital to develop the integrated resort and will also jointly pay for the apartment and broader Queen's Wharf developments. Controversy. In 2021 a joint report by the Sydney Morning Herald the Age, and the television program 60 Minutes, found that Star management had been warned that it's anti-money laundering controls were inadequate and that between 2014 and 2021 Star had attempted  to recruit high rollers who were allegedly linked to criminal or foreign-influence activities. In response to the report Star stated that it was " "concerned by a number of assertions within the media reports that it considers misleading." And also stated that it would take steps to address the allegations with Australian authorities. Following the report shareholders began forming a class action lawsuit against Star and inquiries were launched by Queensland's, Western Australia's, Victoria's, and New South Wales's state gaming regulators.