Star Entertainment Group boss Matt Bekier has quit the multibillion-dollar casino empire as a damaging public inquiry into the company continues.
The gambling and hospitality firm announced on Monday that the board haxjmtzywd accepted Mr Bekier’s resignation as it faces questions over alleged money laundering activity and its suitability to hold a casino licence in Sydney.
“Mr Bekier’s decision follows issues raised in the public hearings in connection with the review of The Star Sydney being undertaken by Mr Adam Bell SC,” the company told the ASX.
“While the review remains ongoing, Mr Bekier informed the board that as managing director and CEO he is accountable for the effectiveness and adequacy of the company’s processes, policies, people and culture.
“Mr Bekier said the right thing to do was for him to take responsibility.”
Star Entertainment runs the Star casino at Pyrmont in Sydney as well as the The Star Gold Coast and The Treasury in Brisbane, while it is also developing a $3.6bn luxury accommodation project in the heart of the Queensland capital.
Mr Bekier will step down from the board immediately. His final departure date is yet to be determined.
Shares in the company fell 1.6 per cent after 30 minutes of trade on Monday to $3.18.
