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On the trail of Star Entertainment’s mystery Macau shareholder

On the trail of Star Entertainment’s mystery Macau shareholder

Who is Xingchun Wang, and what does he want with the ailing operator of casinos in Sydney, Brisbane and the Gold Coast teetering on the brink of collapse?

While most big investors have been trying to offload their Star holdings, the mystery man has been buying up. 

Zoe Samios, Amelia McGuire, James Hall, Primrose Riordan and Jessica Sier
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A houseboat under the tree-lined banks of a Brisbane creek is an unlikely place to find a Macau gaming billionaire. But it is nonetheless where the search for Star Entertainment’s newest major shareholder took AFR Weekend. It was a dead end.

Who is Xingchun Wang, and what does he want with Star, the ailing operator of casinos in Sydney, Brisbane and the Gold Coast that is teetering on the brink of collapse? That is a question that not even the company can answer, despite Mr Wang first buying a big stake in September.

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Zoe Samios
Zoe SamiosBusiness reporterZoe 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
Amelia McGuire
Amelia McGuireBusiness reporterAmelia McGuire covers technology from the AFR's Sydney newsroom. She was previously the aviation, tourism and gambling reporter for The Sydney Morning Herald and The Age. Connect with Amelia on Twitter. Email Amelia at a.mcguire@afr.com.au
James HallQueensland correspondentJames Hall is the Financial Review's Queensland correspondent. Connect with James on Twitter. Email James at james.hall@nine.com.au
Primrose Riordan
Primrose RiordanAssociate EditorPrimrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
Jessica Sier
Jessica SierNorth Asia correspondentJessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com

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Original URL: https://www.afr.com/companies/games-and-wagering/on-the-trail-of-star-entertainment-s-mystery-macau-shareholder-20250117-p5l546