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McCann’s Star plan collides with angry lenders, politics

It’s one thing to have a turnaround plan, it is another to get the clear air to pull it off.

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Remember the three stakeholder groups at casino operator Star Entertainment – lenders, shareholders and government/regulators?

They all have to blink at the same time, otherwise one gets wiped out at the expense of the others. And as usual, shareholders’ dollars will be first to go.

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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-star-plan-collides-with-angry-lenders-politics-20240902-p5k72g