Dec 16 (Reuters) – Embattled casino operator Star Entertainment said on Tuesday that Steve McCann, the group’s chief executive officer and managing director, will be leaving the company effective immediately.
McCann will be leaving Star after navigating it through more than 17 months of acute financial crisis since he joined, in July 2024, after serving as the top boss at Australian casino firm Crown Resorts, now owned by Blackstone.
A search for a permanent CEO will be conducted, the company added, while McCann will remain with the firm to assist through a handover period in relation to government and regulator interaction until July 8, 2026.
“Steve joined at a time of crisis for The Star and has helped to deliver a critical financial reset for the business and successfully progressed our Remediation Plan, which have laid the foundations for The Star’s long-term future success,” said Chairman Bruce Mathieson Jr., who will take on an expanded role as executive chairman.
(Reporting by Shivangi Lahiri in Bengaluru; Editing by Alan Barona)
