The chairman of Star Entertainment’s new controlling investor says the Australian casino operator needs new executives and has been badly managed but will be transformed into an entirely new company.
Bally’s Corporation chairman Soo Kim said Star’s casinos – it operates in Sydney, Brisbane and Gold Coast – would need to be turned around but could start making money “within a reasonable amount of time”.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
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
