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Steve McCann

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Despite receiving several loans, Star is in a race against time as it burns through cash.

Star casino gets smashed as gamblers flock to pubs and clubs

New pokies restrictions to prevent money-laundering have hit the casino operator hard as punters opt for cash-friendly alternatives.

  • Colin Kruger

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Star CEO Steve McCann needs alignment.

Spinning plates on sticks: How Star attempts to stave off bankruptcy

Star boss Steve McCann may be lip-syncing Gloria Gaynor’s I Will Survive, but that won’t make it happen.

  • Elizabeth Knight
Star Entertainment needs a saviour but found a stalker.

Embattled casino group Star has a stalker rather than a saviour

There is nothing about Xingchun Wang’s taking a 5.5 per cent stake in the struggling casino operator that looks like a white knight rescue attempt.

  • Elizabeth Knight
Star runs casinos in Sydney, Brisbane and on the Gold Coast.

Can Star Entertainment survive? It’s a crap shoot

The casino operator’s prospects have continued to deteriorate to the point that it may need a gambler’s luck to avoid falling into the hands of administrators.

  • Elizabeth Knight
The Star needs friends now more than ever.

New gambling rules burn big hole in Star casino’s books

Restrictions on gambling with cash at Star’s flagship casino sent revenue plunging, adding to concerns about its viability.

  • Colin Kruger
The Star in Sydney’s Pyrmont - the group’s white elephant.

Bargain basement: Could Star’s Sydney casino be worth only $8 million?

The Sydney casino is worth less than its chief executive Steve McCann’s first-year pay cheque of $10 million, based on the report authored by Barrenjoey’s Matt Ryan.

  • Elizabeth Knight
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Star’s Sydney casino in Pyrmont is in the spotlight as Adam Bell, SC, considers whether the company should be given its gaming licence back.

‘On its knees’: The Star to cut jobs, sell assets following $1.7 billion loss

The ailing casino operator finally delivered its full-year results on Thursday, after snagging a last-ditch $200 million loan from its banks.

  • Amelia McGuire and Matt Dennien
Star’s Sydney casino has been under intense scrutiny since 2022, when a damning report found that the company was unsuitable to hold a licence in the state.

Star Entertainment begs and borrows its way to survival

It is now so dependent on regulators and lenders that Star’s fortunes are largely outside its control.

  • Elizabeth Knight
Star Entertainment was in contingency talks with the government about a potential collapse last year.

Hong Kong billionaires tried to become majority holders in The Star but backed off

Chow Tai Fook Enterprises approached the NSW casino regulator about taking a major stake in the casino, but pulled out after learning about probity checks.

  • Harriet Alexander, Amelia McGuire and Matt Dennien
The Star has asked lenders to push back its repayments until it can straighten its books.

The Star may win Qld tax reprieve but NSW says no

The Queensland government is considering a potential tax reprieve for The Star while the NSW government has ruled out any further concessions.

  • Amelia McGuire and Cameron Atfield

Original URL: https://www.theage.com.au/topic/steve-mccann-5hb