The Star Entertainment Group has shared its earnings for the three months ending June 30, 2026, revealing that it generated $185.3 million in quarterly revenue.The...
On December 16, 2025, Star Entertainment announced that, effective immediately, Steve McCann would step down from his CEO and managing director role.
McCann was appointed in July 2024 when Star was in a period of regulatory and financial distress. Despite the announcement, he has agreed to remain available and provide support during the transition until July 8, 2026.
He was initially brought in to prevent insolvency and rebuild credibility while the company was under conditional licensing arrangements. McCann’s compensation, including a $2.5 million base salary and a $7.5 million sign-on bonus, showed the urgency of the situation.
McCann noted:
“The strategic investment by Bally’s Corporation and Investment Holdings Pty Ltd provides an opportunity for The Star to move in a new direction. Now is the right time for new leadership to be put in place with the experience and passion to build on that momentum and take The Star forward.”
McCann’s departure is expected to cause a big change in Star’s ownership structure. Just recently, Bally’s Corporation invested around $300 million in the Star and acquired a joint stake of 61%, including a 38% holding by Bally’s.
The transaction was a key step in Star’s recapitalization process and helped reduce immediate solvency issues.
