ASX Announcements
Yesterday
Star’s Steve McCann and the Malay tycoon
Sources say McCann has been doing a range of work for the low-profile Malaysian businessman since leaving Crown Resorts.
- Updated
- Myriam Robin
July
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
- Analysis
- Building Bad
Lendlease’s convenient, lucrative alliance with the CFMEU
Allegations of wrongdoing on construction sites raise the question: Do big contractors enable and profit from union thuggery?
- Aaron Patrick
Bosses fear CFMEU; ASX pump-and-dump crew hit; Top 10 banker deals
Read everything that’s happened in the news so far today.
The top 10 deals where bankers won big fees in the past year
The country’s largest investment banks shared in an estimated $600 million payday – from capital raisings to IPOs in everything from NextDC to the ailing Star.
- Aaron Weinman
Star was warned of lack of executive experience before NSW inquiry
A report from special manager Nick Weeks blames regulatory and financial pressure as reasons for a lack of good quality candidates on Star’s board.
- Zoe Samios
- Opinion
- Chanticleer
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
- Exclusive
- Casinos
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
Bendigo Bank’s David Foster resides on terra firma
The man will plot with his CEO to have casino regulators sued. But hold out on putting Aboriginal ownership front and centre? Rubbish.
- Myriam Robin
Investors hunt for diamonds among ASX dogs
With the new financial year kicking off, funds are busy hunting through the sharemarket’s bargain bin for oversold names, betting on a rebound.
- Joshua Peach
June
Joe Aston on Qantas’ nosedive | Star CEO’s danger money | Myer’s makeover
This week, Anthony and special guest Joe Aston get advice on negotiating pay from Star Entertainment’s recruit, look at Qantas’ latest fall from grace and go shopping with Solomon Lew at Myer.
Star casino chair lets loose on LinkedIn
Star Entertainment is celebrating its award-winning staff inclusion. What would the leader of the board think about it?
- Mark Di Stefano
- Updated
- Casinos
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
Inflation spikes to 4pc; RBA’s housing warning; Star’s new CEO
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
Star pays through the nose for a bit of McCann magic
The gaming group’s new boss held all the cards in negotiating his arrival. Now shareholders need him to negotiate as effectively on their behalf.
- Anthony Macdonald
High-roller exodus rolls on at struggling Star casinos
Star says its main gaming floors are attracting customers, but not enough to offset dramatic declines from its premium gaming rooms.
- Zoe Samios
- Investigation
- Decision making
At Star, only the executives got a Christmas party
At an end-of-year dinner with chief executive Robbie Cooke, the casino group’s top managers learnt they were in a war with their regulator.
- Aaron Patrick
Gold Coast prequel to Star’s Hard Rock overture
A storm erupted last month about Hard Rock’s ties to a deal for casino operator Star. This was not the first time such perplexity had emerged, it can be revealed.
- Liam Walsh and Zoe Samios
May
At Star, one man held all the cards
Chief executive Robbie Cooke was determined to lead every important project at the troubled casino group, former executives say.
- Aaron Patrick
Star Entertainment suitor claims it kept Hard Rock in the loop
Two firms – HDI-BB and Hotel Development International – confirmed on Monday that they approached Star in March with a turnaround strategy.
- Zoe Samios and Liam Walsh
