JPMorgan Chase (NYSE:JPM) became a shareholder in Australia's troubled Star Entertainment Group (OTCPK:EHGRF) with 5.47% voting power, a regulatory filing showed. The gambling firm saw substantial declines in its stock price due to liquidity issues and scrutiny over anti-money laundering practices.

U.S. banking giant JPMorgan Chase ($JPM) has acquired a 5.47% voting stake in Star Entertainment Group ($AU:SGR), making a significant move in the

JP Morgan became a shareholder in an Australian casino operator. On October 1, the company became a substantial shareholder in The Star Entertainment Group Limited, acquiring 156.99 million ordinary shares,

Embattled Australian casino operator Star Entertainment said on Wednesday it has secured a new debt facility of up to A$200 million ($137.46 million) and that it will announce its annual earnings on a day later.

American bank JPMorgan Chase & Co. has grown to be a significant shareholder in Star Entertainment (SGR.AX), as the troubled Australian casino operator's shares have dropped precipitously over the past few years due to liquidity problems.