The Star’s former boss Robbie Cooke has defended his tenure at the helm of the struggling casino giant as an inquiry weighs its future.
Crown Sydney has proven it can clean up its act. But across the city,its arch rival The Star is facing a very different outlook.
Chair David Foster also says it was the company’s decision to sack Robbie Cooke and not his choice to leave,contradicting an email Cooke sent to 8000 employees last month.
Ciaran Carruthers has not ruled out further redundancies or changes to Crown’s operations as the cost-of-living crisis continues to hurt earnings at its casinos.
The casino operator’s shares are at their lowest level in company history as executive chair David Foster and former boss Robbie Cooke prepare to give evidence.
Pubs billionaire Bruce Mathieson has increased his hold in The Star as an executive revealed Star Sydney’s safer-gambling teams were trained by reading a 15-page booklet.
The Star Entertainment Group released a swath of documents beyond deadline and after the former chief financial officer had alleged the business had tried to cook the books.
Former chief financial officer Christina Katsibouba has made a series of allegations about the company’s failure to be transparent with investors and other executives regarding its financial position.
The Star’s special manager has accused the company of extensive compliance breaches including widespread falsification of welfare checks and a failure to stop casino customers from getting $3.2 million in company money.
The government has called on regulatory advisory business Nicholls MMC to assist it with navigating a potential ban on gambling ads,nearly one year after the recommendations.
Big spenders are steering clear of Star Entertainment Group’s three casinos,as the company’s former and current senior executives prepare to front another public inquiry.