Newly appointed Star’s managing director and CEO, Robert Cooke, stated that “ensuring continuity of the business through a comprehensive renewal program is of paramount importance” as he tackles the company’s “well documented challenges” throughout his tenure.
Star Entertainment has denied it broke New South Wales law when it extended millions to high rollers through a Hong Kong unit, but conceded that there had been deficiencies in its handling of appropriate checks.
Star Entertainment has said it will cooperate fully with an independent regulatory review into its suitability to hold a license in Queensland.
Star Entertainment and its Star Sydney Casino are not suitable to hold a license due to significant corporate governance failures, which they are only at the very beginning of trying to address.
Star Entertainment Group said it was naming Geoff Hogg as its acting CEO and Ben Heap as its interim chairman to fill the void left by the resignation last week of John O’Neill.
Australia’s Star Entertainment is without a leader after executive chairman John O’Neill announced his resignation on Friday.
Star Entertainment says L1 Capital has increased its shareholding in the group to 7.34 percent, closing in on its constitution which states no one investor can have voting power of more than 10 percent.
Felix Ng -
Star Entertainment’s chief legal and risk officer Paula Martin is set to resume the witness stand today (Tuesday) after commencing her testimony on Monday.
Star Entertainment general legal counsel Oliver White has conceded that business concerns may have dominated compliance requirements in the operations of the group’s Sydney casino.
Felix Ng -
As the inquiry into The Star Sydney heads into its fourth week, it is expected that several top executives at Star Entertainment Group will be called in to give evidence, including its chief financial crime officer and chief legal and risk officer.