The Star Entertainment Group has pleaded with the NSW Independent Casino Commission (NICC) to keep its casino licence in Sydney, arguing it has already taken ‘significant and urgent’ steps to address the ‘shocking’ findings raised in the Bell report released two weeks ago.

BusinessNewsAustralia reports following an extensive probe earlier this year, the report found the company exposed itself to money laundering and organised crime activity from punters both domestically and from offshore.

A show cause notice was issued by the NICC two weeks ago for The Star to explain why its licence should not be revoked, prompting today's formal response from the company accepting the findings of its unsuitability to hold a casino licence, it said. 

“The Star Entertainment Group and The Star Sydney also acknowledge the gravity of the conduct which is raised in the Bell report,” executive chairman Ben Heap said.