Steve McCann
Opinion
Casinos
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.
- by Elizabeth Knight
Latest
Updated
Earnings season
‘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.
- by Amelia McGuire and Matt Dennien
Opinion
Casinos
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.
- by Elizabeth Knight
Updated
Casinos
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.
- by Harriet Alexander, Amelia McGuire and Matt Dennien
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.
- by Amelia McGuire and Cameron Atfield
Opinion
Casinos
The ex-poker player who played a winning hand to get Star’s top job
Steve McCann doesn’t need to meet any financial hurdles to receive a gargantuan pay package, but he’s still the best insurance policy The Star board can buy.
- by Elizabeth Knight
Ex-Crown CEO Steve McCann appointed to head Star Entertainment
The former Lendlease and Crown Resorts boss could earn up to $10 million in bonuses by the end of the 2026 financial year.
- by Amelia McGuire
Opinion
Casinos
The kindest thing to do with Star is to find it a new owner
There will always be jackals milling around a smelly corporate carcass. But none will want to pay top dollar for this one.
- by Elizabeth Knight
Opinion
Casinos
Poker-faced McCann leaves Crown table with $9m in personal winnings
Steve McCann will walk away from the chief executive job with around $9 million. It’s pure career poetry for McCann who was at one time a world-ranked poker player.
- by Elizabeth Knight
Updated
Casinos
‘It’s been intense’: Crown CEO exits after Blackstone takeover
Outgoing Crown boss Steve McCann was almost reduced to tears just five weeks into the job last year when he was brutally interrogated about Crown’s failings.
- by Colin Kruger
Quiet Melbourne curbs Crown’s rebound as it eyes Sydney casino opening
The new boss of Crown, Steven McCann, says the casino’s operations in Melbourne were being hit hard by staff shortages and a quiet CBD mid-week.
- by Sarah Danckert
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