Despite more prescriptive supervision that prevented the type of misconduct seen in the first inquiry, numerous shortcomings in governance, regulatory compliance, technology and risk management remain, including in areas that The Star claimed it had remediated.
The report noted that the property made use of false documents and misleading, untruthful and unethical communications to banks as well as deceptive and unethical processes and a failure to account for money laundering and counter-terrorism financing risks.
Regulators have expressed reservations about revoking the casino's license as thousands of jobs could be lost. The company now gets another chance to fall into compliance.
Star cited 'challenging trading conditions' along with the regulatory concerns and moving to cashless gaming as reasons for the losses.
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