Embattled Casino Operator Star Halts Trading After Bombshell Report
Guo's case comes at a time of growing Philippine suspicion about China's activities following an increasingly tense dispute over reefs and shoals in the busy waterway of the South China Sea, where both nations have overlapping claims. She has denied the accusations, insisting she is a natural-born Philippine citizen facing "malicious accusations". Alice Guo, also known as Chinese national Guo Hua Ping, is wanted by the Senate for refusing to attend hearings on her alleged criminal ties.
The Anti-Money Laundering Council (AMLC), with the National Bureau of Investigation and Presidential Anti-Organized Crime Commission, jointly filed multiple counts of money laundering against Guo and 35 others at the Department of Justice. The owner of the Sun City resort and Maslow Sandton and Table Bay high-end hotels said adjusted headline earnings per share - its main profit measure - rose to 2.15 rand ($0.1201) in the six months to June 30, from 1.97 rand a year earlier.
Sun International, which achieved mixed results across its segments, said in a statement its urban casino income - its biggest revenue generator - was flat at 3.3 billion rand. Sunbet was the stand-out with a 71.8% rise in income to 512 million rand. "The gaming industry is experiencing dynamic changes and Sun International, through Sunbet, will continue leveraging its strong brand and market presence to expand our customer base and enter new online markets across Africa," Sun International said.
JOHANNESBURG, Sept 9(Reuters) - Sun International reported a 9.1% rise in first-half earnings on Monday, as record growth in the South African casino and hotel group's betting business helped drive its income. Beinternet offers online gambling from sports betting, online casino (such as Poker and blackjack), live dealer casino (such as roulette) and fixed odds games. 'However, the Bell Report underscores the NICC's concerns that it was not receiving all of the facts from The Star at a time when we needed certainty the company could fund and prioritise an urgent business turnaround,' he said.
Guo, who was recently removed from office by the local government ombudsman, has fled the country, traveling to Malaysia and Singapore last month and Indonesia this month using her Philippine passport, the Philippine anti-crime agency said. 'The Bell Report notes that Mr Steve McCann Group CEO, Ms Janelle Campbell Sydney CEO and Ms Jeannie Mok Group Chief Operating Officer, bring important experience and expertise to the process of engagement with regulators and remediation and cultural transformation, which will be vital if the NICC decides that The Star should remain as the operator of The Star Casino,' Mr Crawford said.
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