A sign stands outside The Star casino and event centre in Sydney on September 2, 2024. – Troubled resort and casino operator Star Entertainment was temporarily delisted from the Australian Securities Exchange on September 2 after failing to post its annual financial results. (Photo by DAVID GRAY / AFP)

Sydney, Australia — Troubled resort and casino operator Star Entertainment was temporarily delisted from the Australian Securities Exchange on Monday after failing to post its annual financial results.

The measure — which is usually temporary — comes as the firm tries to recover from a series of scandals over lax safeguards against money laundering.

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The Sydney-based stock market said Star was “suspended from quotation” for “not lodging the relevant periodic report by the due date”.

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The firm failed to present financial year annual results on August 30.

READ: Trading in Australian casino firm halted after damning report

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Trading in Star shares was halted on Friday after a regulator said it was still “unsuitable” to hold a casino license.

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The New South Wales Independent Casino Commission earlier published a scathing report about the firm’s casino operations, saying it had not done enough to rectify a culture that allowed serious criminal infiltration.

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“The Star entities are presently falling short of what is required for suitability,” the latest in a string of watchdog investigations reported.

The firm has previously been accused of not adequately policing criminal infiltration and doing little to vet the sources of money coming into the business.

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Watchdogs found that one patron, Xiangmo Huang — a Chinese real estate billionaire barred by the Australian government for being an agent of Chinese influence — had ploughed more than a billion dollars into Star over several years.

Another high-rolling patron was allegedly involved in human trafficking.

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