Bally’s says Star remediation progressing “at good pace” under new leadership

US casino operator Bally’s Corp, the largest shareholder in Australia’s Star Entertainment Group, has expressed confidence in the efforts of Star’s new leadership team in reversing the company’s fortunes while insisting the remediation process is “progressing at a good pace.” The commentary was issued in the wake of last week’s Federal Court decision in the long-running civil case brought against Star by AML regulator AUSTRAC for historical anti-money laundering compliance failures, with the Australian casino firm issued a AU$260 million penalty .