The chief executive of Sydney's The Star casino has resigned while a hearing examines whether the company should be allowed to hold onto its casino license.

In a statement, The Star said Matt Bekier 'informed the board that as managing director and CEO he is accountable for the effectiveness and adequacy of the company's processes, people and culture'. 

His final departure date is to be determined and Star will make a further announcement at that stage, but Mr Bekier will step down from the board immediately. 

The news comes just days after

An inquiry into The Star Sydney found that senior employees at the establishment knew cash transactions were illegally occuring in a junket room, which is illegal because of the risk of money laundering.

CCTV footage from 2018 also shows staff moving around sporting bags and brown paper bags filled with cash.  

In its statement, The Star wrote Mr Bekier was leaving the company due to the inquiry.

'Mr Bekier's decision follows issues raised in the public hearings in connection with the review of The Star Sydney,' it said. If you loved this posting and you would like to receive more details regarding kindly visit our own web-site.  

'While the Review remains ongoing, Mr Bekier informed the Board that as Managing Director and CEO he is accountable for the effectiveness and adequacy of the company's processes, policies, people and culture. 

'Mr Bekier said the right thing to do was for him to take responsibility.'

He will remain in his role and work with the board to "transition his executive responsibilities in an orderly manner".

Last week, the NSW Independent Liquor & Gaming Authority's inquiry into the company heard of Mr Bekier's reaction to a KPMG report that found the casino was not doing enough to comply with anti-money laundering and counter terrorism financing laws.

KPMG partner Alexander Graham told the hearing Mr Bekier was "hostile" towards him and his colleague John O'Sullivan during a meeting he spent "essentially berating" the pair.