On December 29, 2025, Star Entertainment Group announced leadership changes, with CFO Frank Krile and COO Jeannie Mok stepping down from their positions in January 2026.
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Star Entertainment’s DBC deal faces termination
On June 30, Star Entertainment received official notice from its joint venture partners to terminate the agreement, effective in five business days.
Star Entertainment had planned to sell its share of a major Brisbane development and officially signed an agreement with Chow Tai Fook Enterprises and Far East Consortium back in March. But the agreement was not finalized and depended on both sides to meet specific requirements by April 30.
However, the deadline passed, and the paperwork wasn’t done. As a result, any of the three companies could cancel the deal by giving five days’ notice.
While Star had been trying to keep the conversation going and get things back on track, its partners have now chosen to walk away. Even so, Star says it’s still open to continuing negotiations and hopes the deal might still be saved. The company promised to share updates if anything changes.
The Star is trying to shine bright
Despite ongoing issues, Star received AUD 58 million from the sale of its Event Centre. Moreover, recently it secured AUD 133 million from Bally’s Corporation and Investment Holdings, which is part of a previously announced AUD 300 million financial lifeline.
In exchange, Star will issue convertible notes to both companies.
Just 24 hours after Steve McCann left the CEO position, the Star Entertainment Group appointed Bruce Mathieson Jr. as the new CEO.Additionally, Soo Kim, a Bally’s...
