New Star Entertainment chief executive Steve McCann says the company’s casino business might never return to the “glorious” boom times it once enjoyed, and the future was likely to be in the gaming giant’s restaurants and hotels.
In his first interview since taking the job, the former Lendlease chief executive said Star needed to realise that gaming had changed, and there was no easy transaction to sell the business or quick fix to turn around the casino group’s fortunes.
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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
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
