Star Hasn apos;t Paid Fines For Qld Breaches

The Chinese special administrative region, which went into lockdown on July 11, has a tally of more than 1,700 infections since the middle of June, after having been largely COVID-free following an outbreak in October 2021.

"It's a geopolitical, national security issue, because the situation where Americans dominate 50% of Macau's primary industry is probably an unacceptable national security risk," said Ben Lee, founder of gaming consultancy IGamiX.

In an announcement last year on Sun's expulsion from the party, he was accused of having displayed "extremely inflated political ambition and very poor political integrity," issuing groundless criticisms of the Party´s policies and spreading political rumors.

"We´re hoping for a slowdown, which would put the Federal Reserve in a softer stance, but on the other hand, there are lots of reasons to believe inflation could stay high and the Fed will remain aggressive."

President and head of the ruling Communist Party Xi Jinping has waged a decade-long campaign against corruption that has ensnared numerous serving and retired high-ranking officials in what some see as politically motivated prosecutions.

HONG KONG, July 18 (Reuters) - Macau kicked off an 11th round of COVID-19 testing for residents on Monday, as the world's biggest casino hub extended a lockdown of casinos and other businesses in the fight on its worst outbreak since the pandemic began.

casino operators Las Vegas Sands, Wynn Resorts and Melco Resorts plunged after Macau shuttered all casinos to contain its worst COVID outbreak since the health crisis began. (Reporting by Stephen Culp; additional reporting by Amruta Khandekar and Shreyashi Sanyal in Bengaluru Editing by Marguerita Choy)

Sun, who is also accused of abandoning his post amid the COVID-19 outbreak, has pleaded guilty, state broadcaster CCTV said in a report on the trial, which is being held at the Intermediate Court in the northeastern city of Changchun.

Former justice Robert Gotterson will investigate Star's commitment to anti-money laundering, its management of high rollers and the use of China UnionPay bank cards to facilitate gambling by Chinese nationals despite currency restrictions.

Despite a steady fall in infections that saw just 27 new cases reported on Sunday, authorities said the city's more than 600,000 residents must stay home, with all non-essential businesses shut, until Friday.

That inquiry is vetting proposed casino laws that would force operators to self-report legal breaches, expand the government's power to gather information about casino operations and impose penalties of up to $50 million for breaches.

Justice Department against Las Vegas casino mogul Steve Wynn last month to compel Wynn to register as a foreign agent because of lobbying work it says he performed at the behest of the Chinese government.

The market currently expects that the central bank will raise the Fed funds futures rate by 75 basis points in its latest salvo against red-hot inflation, a tactic which some fear could tip an already cooling economy into recession.

The lawsuit says the lobbying effort was done on behalf of senior Chinese government officials, including Sun, who sought Wynn´s help in trying to get a Chinese national´s visa application denied, according to the complaint.

"Certainly we've obviously focused on remediation steps that we can do when we have any breaches or anything that occurs, and it's been a focus for us. I'm not aware of any fines," he told a parliamentary inquiry on Monday.

Later in the week a raft of economic data - including consumer prices, retail sales and factory output - should provide a glimpse of the extent to which inflation has peaked and the economy has cooled down as the Federal Reserve moves closer to next week's policy meeting, which is expected to culminate in the second straight 75 basis point interest rate hike.

"We've been focusing on improving our policies now over the last three or four years, once we realised there were some gaps in what we're doing that would apply in both areas, and committed to fixing those and addressing those which we've done over the last four years," he said.

But Sands China, Wynn Macau , MGM China, Galaxy Entertainment, SJM Holdings and Melco Resorts face zero revenue for the near future in locked-down, Chinese-ruled Macau - and their operators' contracts expire at the end of this year.

When asked if he was confident activities and concerns raised in the NSW inquiry into Star had not occurred in Queensland, Mr Hogg said the company was working to improve its anti-money laundering policies.

The closely watched casino licence rebidding process comes amid Macau's worst coronavirus outbreak, with the government shutting down casinos for the first time on Monday in more than two years and locking down the city.

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stocks lost ground on Monday as a lack of catalysts left market participants warily embarking on a week back-end loaded with crucial economic data and the unofficial beginning to second-quarter earnings season.