The Star’s former boss Robbie Cooke has defended his tenure at the helm of the struggling casino giant as an inquiry weighs its future.
Chair David Foster also says it was the company’s decision to sack Robbie Cooke and not his choice to leave,contradicting an email Cooke sent to 8000 employees last month.
A clear pattern is emerging from the Bell inquiry into Star Entertainment – that of a financially and culturally embattled company being managed by a chief executive desperately juggling too many problems.
Former chief financial officer Christina Katsibouba has made a series of allegations about the company’s failure to be transparent with investors and other executives regarding its financial position.
The Star’s special manager has accused the company of extensive compliance breaches including widespread falsification of welfare checks and a failure to stop casino customers from getting $3.2 million in company money.
The once sleepy NSW casino regulator has transformed itself into a compliance head kicker,with its target,the financially battered Star,once again thrown into chaos.
If a combined $1.6 billion rescue doesn’t do the trick,Star chief Robbie Cooke would be well aware that he can’t take a third bite at the equity apple.
Star Entertainment boss Robbie Cooke says he’s confident the group can avoid further job losses,but analysts warn there is a lot of work to be done.
About 30 per cent of The Star’s shareholders voted against the embattled casino group’s remuneration plan on Tuesday after its share price dropped 8 per cent in six months following two independent inquiries.
Banking disrupter Tyro has spruiked its first-half performance despite booking a blowout in its statutory loss in its first result since pulling off the biggest local IPO of last year.