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Thailand to forge ahead with casino plan after public green light

Thailand to forge ahead with casino plan after public green light

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Sept 4 (Reuters) - Australia's Star Entertainment is working with various financial advisers to finalise its fiscal 2024 results, it said on Wednesday, as the embattled casino operator remains under scrutiny for governance and cultural issues. BANGKOK, Sept 5 (Reuters) - Thailand's new government will move ahead with plans to introduce casinos after a public hearing showed strong support to create a big entertainment complex offering gambling, a senior official said on Thursday.

'However, the Bell Report underscores the NICC's concerns that it was not receiving all of the facts from The Star at a time when we needed certainty the company could fund and prioritise an urgent business turnaround,' he said. The conclusion of a public hearing conducted online over a bill to establish a "mega entertainment complex" housing a casino showed 80% of participants agreed with the plan, Deputy Finance Minister Julapun Amornvivat said.

The company's future hangs in the balance after an inquiry found the casino operator had been going through issues around its leadership and culture, and that it remains unfit to operate its Sydney casino. (Reporting by Rishav Chatterjee in Bengaluru; Editing by Savio D'Souza) Last week, on the day Star was to report results, a NSW Independent Casino Commission (NICC) appointed lawyer found Star has been slow to address the governance and cultural issues identified in their 2022 report.

'The Bell Report notes that Mr Steve McCann Group CEO, Ms Janelle Campbell Sydney CEO and Ms Jeannie Mok Group Chief Operating Officer, bring important experience and expertise to the process of engagement with regulators and remediation and cultural transformation, which will be vital if the NICC decides that The Star should remain as the operator of The Star Casino,' Mr Crawford said.

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