'The fire is out' but problems remain at casino group

Key points

• Star Entertainment Group chair Soo Kim has told shareholders that the fire is out and rebuilding has begun, though the casino operator still faces a possible penalty for historical anti-money laundering breaches. Kim said the group's biggest problem is its treatment of high-spending VIP gamblers, many of whom are choosing Crown resorts instead.
• AUSTRAC has requested a $400 million penalty, an amount Star says would push it into administration.
• The Federal Court is due to announce the penalty on Wednesday.