Legal counsel assisting the Independent Liquor and Gaming Authority (ILGA) of New South Wales’ review into The Star Entertainment Group (ASX: SGR) has today submitted that the gambling and resort business is not suitable to hold a casino licence in Sydney and that it misled shareholders back in October last year.
The revelation, which was made early on in Naomi Sharp SC’s closing submissions to Adam Bell SC who is overseeing the proceedings, is an indication of where The Star may find itself at the end of this process, the public hearings of which commenced in mid-March this year.
While Sharp only made a slight dent in her complete closing submission to the review today, getting through just eight topics out of 26 that she hopes to address this week, the headline submission is the culmination of 36 days of gruelling interrogations by the lawyer who must now establish exactly why The Star shouldn’t keep its casino licence.
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