Gambling Clear News
Star Entertainment Group has appointed Jeannie Mok, formerly of Crown Resorts, as group chief operating officer (COO), marking the latest change in senior management at the operator. Mok will begin her new COO role at Star effective 11 June and lead remediation efforts at the group. She joins Star after more than two years with
The Star reported net revenue of AU$419.2m (£218.0m/€255.0m)/US$271.5m) in a trading update for its third quarter ended 31 March. This represented a slight decrease of 4.6% compared to Q3 2023. Star did not disclose its full third quarter results at this time, but provided some detail on the main aspects of its operations. Star’s third
A report into The Star Sydney’s progress on recommendations from the Bell report found the casino has implemented 22 of the 30 recommended measures. The report was undertaken by the New South Wales (NSW) Minister for Gaming and Racing. It was released almost exactly one year on from the publication of the Bell report. The
Troubled Australian casino operator The Star Entertainment Group is to engage new cost and restructuring initiatives as the business warns that it is experiencing “a significant and rapid deterioration in operating conditions”. Star, which has been the target of multiple parliamentary inquiries into misconduct, said that it intends to restructure due to the compounding impact
Troubled casino operator Star Entertainment Group has announced AU$800m in new equity amid the business’s 2022 half year results, which saw a loss of $1.26bn. The large losses are principally the result of an AU$988m non-cash impairment of the group’s Sydney assets, which came from the costs and penalties associated with the business’s ongoing regulatory
