Star has responded to the Bell inquiry in NSW by saying it accepted the findings “including the finding of unsuitability”.

The Bell Inquiry report was scathing of the Star’s Sydney operations which found it was not suitable to hold a licence after evidence of money laundering and organised crime were revealed.

In Queensland, the Gotterson inquiry found that crime figures who had been banned from casinos interstate were allowed to gamble in Brisbane and the Gold Coast properties were, at times, showered with gifts and incentives.

The Star’s response to Bell included a remediation plan with 130 milestones that would be delivered over the next two years, but it admitted its transformation had not been fast enough.

Star still faces the prospect of massive fines of up to $100 million in NSW and $50 million in Queensland as well as the potential to lose its licence entirely.

It is still waiting on the outcome of an inquiry in Queensland into its operations in Brisbane and on the Gold Coast with a report from the Gotterson inquiry schedueld to be sent to Attorney General Shannon Fentiman on Friday.

“The team that will lead us on the path to suitability will be very different to those who led TSEG in the past,” the response said.

The company yesterday announced the resignation of its acting chief executive Geoff Hogg, who had been at the company for 13 years. His departure followed that of the chairman, the managing director, the chief financial officer, chief legal and risk officer and chief casino officer.

“We are committed to working swiftly, constructively and transparently with the NSW Independent Casino Commission, our other regulators and the independent monitor,” the company said.

“This is important not only for the business but for our thousands of committed and hard-working employees. We owe it to them to do everything in our power to get this right.”

It said it was “plain that we had not acted with the necessary urgency.

“You have made that clear to us. We have a lot to do to restore a constructive and open working relationship with the NICC.

“The (remediation) plan … will address all relevant recommendations and expectations from the report, the Gotterson Report (once received) and AUSTRAC.”

Star has already scrapped some of the practices that got it into so much trouble.

It has suspended all rebate-play, closed its international offices and bank accounts, stopped junkets and the controversial use of the China Union Pay cards.

It has also appointed an independent monitor that would report to its board and regulators on the progress of its remediation.

Star has also “increased the head count” by 53 in its safer gambling, financial crime, risk and compliance functions.