Star Entertainment: Caught Between Hard Rock and a Hard Place

Already battered and bruised from increased regulatory scrutiny in both New South Wales and Queensland, Star is facing the possibility of having to close its doors in Sydney. A complete refresh of the board and executive team, which was supposed to win back favor with the regulator following the original Bell inquiry into Star’s suitability to hold a casino license, has all but failed. In the wake of the second Bell inquiry, or Bell Two, former CEO Robbie Cooke has stepped down, along with several other executives, including former CFO Christina Katsibouba. New Chair Anne Ward has replaced David Foster, whose remaining time with Star appears limited.