Star Entertainment CEO Departs with $16M Payout
Update: 2025-12-16
Description
Star Entertainment Groups CEO, Steve McCann, departs after 17 months, receiving a $16M payout. New investors, Ballys and Mathieson, take control, signaling leadership shift. McCanns departure follows potential $300M fine from Austrac for money-laundering breaches. Bruce Mathieson Jr. will lead CEO search, with Mathiesons Investment Holdings and Ballys now owning 61% of Star.
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