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Star’s Macau mystery man is a coal magnate with a taste for luxury

Why did Xingchun Wang choose now to invest in Australia’s gambling industry? The plot thickens in casino-friendly Macau, the Chinese special administrative region where he resides.

Jessica Sier, Zoe Samios, Amelia McGuire, James Hall and Primrose Riordan
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Macau | A glittering residential tower in the heart of Macau’s upmarket central district is the part-time home of the man who increasingly seems to be Star Entertainment’s elusive new investor and made his fortune importing Mongolian coal into China.

An afternoon spent visiting four Macau addresses linked to Xingchun Wang and a dive into Hong Kong’s company disclosures reveals Mr Wang’s signature, used to establish Winsway Coking Coal in 2010, closely resembles the signature used on ASX shareholder filings recording the Star stake as a matter of public record on January 13 and 14.

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Jessica 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
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
Amelia 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 Hall is the Financial Review's Queensland correspondent. Connect with James on Twitter. Email James at james.hall@nine.com.au
Primrose 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
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    Original URL: https://www.afr.com/companies/games-and-wagering/star-s-macau-mystery-man-is-a-coal-magnate-with-a-taste-for-luxury-20250118-p5l5fd