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The two months that almost unravelled Star’s casino empire

The two months that almost unravelled Star’s casino empire

Steve McCann knew his new job at the struggling gaming giant would be tough. Nothing prepared him for the first two months.

Star has slashed more than $1.9 billion from the value of its flagship Sydney operation. Steven Siewert

Zoe Samios and Anthony Macdonald
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I t took less than a month for Star Entertainment’s new chief executive, Steve McCann, to realise he had a big problem.

When he arrived on July 8, Star was facing the prospect of losing its Sydney casino licence, was well behind on its remediation plan, had struggled to get high rollers to spend money at its precincts for months, and its management team had been blown apart.

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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
Anthony Macdonald
Anthony MacdonaldColumnistAnthony 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/companies/games-and-wagering/the-two-months-that-almost-unravelled-star-s-casino-empire-20240904-p5k7pl