Overview
- Steve McCann left the company effective immediately, and the board has begun the search for a permanent chief executive.
- Bruce Mathieson Jnr is serving as executive chair on an interim basis, while McCann will advise on government and regulator matters through July 8.
- Bally’s Corporation and Mathieson’s Investment Holdings injected $300 million this year and now hold a combined stake of about 61 percent.
- AUSTRAC’s enforcement action over past money-laundering breaches remains pending, with reports differing on the potential size and timing of any penalty.
- Star shares rose about 2.4 percent in early trade after the leadership announcement as the group continues remediation efforts tied to the 2021 scandal.