The Star Entertainment Group has issued 3,377,031 unquoted performance rights to John Koster, CEO of The Star Sydney, under an employee incentive scheme, according to an ASX filing dated June 12th.
The securities were issued on June 5th and are classified under ASX code SGRAK as performance rights. The filing states that each performance right gives the holder the right to receive one fully paid ordinary share in The Star Entertainment Group, subject to the terms of the grant.
The company said the rights were issued under its Long Term Performance Plan, with a performance period and testing date set 3 years from the effective grant date of October 3rd, 2025.
Following the issue, The Star had 17,499,945 unquoted performance rights on issue, alongside 6,636,202,776 quoted ordinary fully paid shares.
Koster was appointed in March as CEO of The Star Sydney. The veteran American casino executive previously served as vice president and general manager of Bally’s Lake Tahoe and has held senior roles across Caesars Entertainment and Sheraton Hotels & Resorts.Â
The Star reported an EBITDA loss of AU$1 million ($720,000) for the quarter ended March 31st, 2026, narrowing losses by 96 percent year-on-year.
