A New Leader for Star Entertainment

Star Entertainment, a prominent figure in Australia's casino industry, has announced a significant leadership change. Mathieson Jr. is stepping into the role of chair, following Anne Ward's departure.

Challenges and Financial Relief

The company has faced considerable challenges, including stringent regulations that have strained its finances. However, a lifeline came in the form of a A$300 million investment from Bally's and the Mathieson family.

New Board Members and Influence

With the infusion of capital, Bally's and the Mathieson family have secured seats on the board. Soo Kim and George Papanier from Bally's now hold positions, granting the company substantial influence over Star Entertainment's operations.

The Mathieson family, with a significant ownership stake, also wields considerable power. This new dynamic marks a pivotal shift for Star Entertainment, blending legacy and innovation as it navigates its future.