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McCann’s first trick at Star is to buy time, next he needs performance

Star Entertainment’s board hired Steve McCann for his deal nous. He had to call on it sooner than we all expected.

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If it’s dealmaking Steve McCann was hired for at Star Entertainment, it’s dealmaking we’ve got.

First act has been getting the company’s senior lenders to out-senior themselves by injecting fresh funds to get through a near-term liquidity crisis.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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    Original URL: https://www.afr.com/chanticleer/mccann-s-first-trick-at-star-is-to-buy-time-next-he-needs-performance-20240917-p5kb3q