NewsBite

Steve McCann

November

Star’s Queens Wharf complex in Brisbane will need more funding to be completed.

Star’s long-suffering lenders are starting to become very impatient

Of note, it comes as potential bidders start to appraise the potential of Star’s individual assets.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

September

Star Entertainment boss Steve McCann had very little good news for investors in his one-hour presentation on Thursday, his first as CEO.

Star needs new friends to stop the bleeding

Where will Star Entertainment’s shares trade? Surely, it’s going to be ugly on Friday morning.

  • Anthony Macdonald
The Star’s chief executive, Steve McCann, is in the middle of a high-stakes game of corporate poker.

Star’s Steve McCann is not the CEO – he’s just ‘observing’

McCann is chief executive subject to regulatory approvals, which he does not yet have.

  • Myriam Robin
Star Entertainment chairwoman Anne Ward and her board need to get the group’s June 30 accounts signed.

McCann’s Star plan collides with angry lenders, politics

It’s one thing to have a turnaround plan, it is another to get the clear air to pull it off.

  • Anthony Macdonald

August

Steve McCann, new CEO of Star Entertainment Group, faces a titanic struggle.

The Star’s still too big to fail. Its redemption rests with one man

The Star will be given yet another lifeline. But its new rescuer-in-chief faces an incredibly difficult task.

  • James Thomson
Advertisement

July

Steve McCann: well-rested, before his London trip.

Steve McCann’s big London trip

McCann took the reins of Star Entertainment on July 8. And on July 15, he was off to London, with the board’s acquiescence.

  • Myriam Robin
Steve McCann, new CEO of Star Entertainment Group.

Steve McCann takes his biggest punt with embattled casino giant Star

As far as turnarounds go, this is bigger than Boral, Bapcor and Seven West Media combined. “I had room for one more,” he says when asked why he took the job.

  • Anthony Macdonald
Steve McCann, chief executive of Star Entertainment, wants more time to change things.

Gaming no longer ‘glorious part of the business’: Star boss

Steve McCann says the company’s casino business might never return to the boom times and its future is likely to lie in its restaurants and hotels.

  • Anthony Macdonald and Zoe Samios

June

Former Lendlease boss Steve McCann takes top job at Star Entertainment

The businessman also ran the casino group’s rival, Crown Resorts, before it was sold to Blackstone. He will receive a $2.5 million sign-on bonus.

  • Updated
  • Zoe Samios

April

Steve McCann left Crown Resorts in better shape than what he found it. Is he up for a new challenge?

Is this the person to save fallen Star Entertainment?

The clean-up of the gaming company is one for the ages. And there’s a name keeps coming up as a potential salvage CEO - former Lendlease boss Steve McCann.

  • Updated
  • Anthony Macdonald

July 2022

Steve McCann leaves Crown Resorts in better shape than what he found it.

Challenge facing Crown’s new CEO: Packer’s legacy

Blackstone has called in the casino big guns from Las Vegas and Macau to right Crown Resorts, and the two executives are stepping into a regulatory minefield.

  • Updated
  • Tony Boyd

June 2022

James Packer has cashed in his chips  at Crown.

‘Ups and downs’: Packer’s emotional farewell to Crown (and the ASX)

Crown’s reform efforts and Blackstone’s perseverance have allowed James Packer to walk away from the mess at Crown Resorts with a handsome payday. 

  • James Thomson

January 2022

James Packer is out of Crown.

Packer set for $3.3b payday in bittersweet Crown exit

Gaming billionaire James Packer is set to walk away from a 20-year involvement with Crown Resorts after Blackstone’s $8.9 billion takeover offer.

  • Tony Boyd

December 2021

Switkowski picks up keys to Crown’s corner office

Former telco executive Ziggy Switkowski has officially taken the keys to the chairman’s office at Crown Resorts.

  • Elouise Fowler

October 2021

Crown CEO says flagship Melbourne casino doesn’t disadvantage Perth

Appearing before the WA royal commission, Steve McCann cited scale, shared expertise and greater investment potential as benefits of the practice.

  • Hannah Wootton and Elouise Fowler
Advertisement
Ray Finkelstein put pragmatism over justice at Crown.

House wins: Crown just got away with it

Royal commissioner Ray Finkelstein’s bark has proved much worse than his bite. Crown is bloodied but it has kept its precious licence.  

  • Updated
  • James Thomson
Crown Resorts will retain its Victorian casino licence.

‘Disgraceful’ Crown will face unprecedented scrutiny

It will keep its licence to run its Melbourne casino, but will be overseen by a state-appointed ‘special manager’ and will not ‘control its own destiny’.

  • Updated
  • Elouise Fowler and Hannah Wootton

September 2021

The vaccine rollout is gathering pace, but as economies emerge from lockdown, labour will be tight.

A post-lockdown labour war has already started

Crown and The Star are examples of companies keeping close to stood-down staff, worried labour shortages could stop them participating in a post-lockdown rebound. 

  • Updated
  • James Thomson
Crown Resorts boss Steve McCann says the company turnaround will take time.

‘Huge upside’ if Crown can help rebuild tourism after COVID-19: McCann

Crown Resorts boss Steve McCann believes the wounded casino giant can help Australia’s post-COVID-19 recovery by helping to revitalise Melbourne and Sydney.

  • James Thomson

August 2021

For all the hope that CEO-elect Steve McCann was selling, Crown’s accounts told a more realistic story of the challenges the group is facing.

Crown sells hope but prepares for the worst

Crown CEO-elect Steve McCann was talking positively on Monday, but the company’s dual battles with regulators and COVID-19 aren’t getting easier. 

  • Updated
  • James Thomson

Original URL: https://www.afr.com/person/steve-mccann-5hb