The Star Accepts $260,000,000 AUSTRAC Civil Penalty

The Star (ASX:SGR) told the market it accepts the $260,000,000 penalty set by the Federal Court of Australia in AUSTRAC's proceedings against its subsidiaries, and says the amount is materially in line with the provision it had already recorded.

The judgment, handed down on 28 October 2026, concerns historical contraventions of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) by The Star Pty Limited and The Star Entertainment Qld Limited. The penalty is to be paid in four instalments over 19 months. The Group's 2026 Financial Statements included a provision representing the Directors' best estimate of the outcome of the AUSTRAC proceedings. The quantum and payment terms of the penalty constitute a review event under The Star's credit facility agreement with WhiteHawk Capital Partners. The Star says it is engaging with WhiteHawk and is confident that the facility will remain available. It also says it does not consider that paying the penalty in the instalments required by the Federal Court will impact the Group's ability to continue as a going concern.

The release does not state that WhiteHawk has confirmed the facility will remain available, and it does not state the amount of the provision or the size and timing of each instalment.