The Star Entertainment Group, which owns and operates The Star Casino in Sydney, Australia, is one of the largest casino and entertainment companies in the world. The company was founded in 1995 by Australian billionaire James Packer and American businessman Lloyd Williams.
The company has a market capitalization of over $12 billion and employs over 9,000 people.
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The Star Casino is located on the banks of the Darling River in Sydney’s CBD and is the largest casino in Australia. The casino features over 2,500 gaming machines and 140 table games, as well as a hotel, restaurants, bars, and nightclubs.
The casino is open 24 hours a day and attracts over 18 million visitors each year.
The Star Entertainment Group is majority-owned by a consortium of Chinese investors, including Tian An China Investment Co., Ltd., Far East Consortium International Limited, and Silver Point Capital LP.
The Chinese investors acquired their stake in the company in 2016 for $5.5 billion.
The consortium of Chinese investors who own The Star Entertainment Group have been fined a total of $1.67 million for breaching gambling advertising rules in NSW.
The penalties relate to two incidents where the group’s casinos were found to have breached rules around promoting gambling to minors.
In conclusion, The Star Entertainment Group is majority-owned by a consortium of Chinese investors who have been fined for breaching gambling advertising rules in NSW.
