Star Entertainment gutted its problem gambling programs and discussed misleading its Brisbane casino lenders with inflated earnings forecasts, according to documents that also reveal the gaming giant was forced to fire a senior executive just 10 days after he was hired over contested allegations he made grossly inappropriate remarks.
The Australian Financial Review, The Sydney Morning Herald and The Age have obtained internal correspondence and interviewed eight company insiders as part of an investigation that reveals Star is struggling to escape its long history of governance problems since Bruce Mathieson jnr and American casino operator Bally’s Corporation took over the business in December.
correction
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An earlier version of this story incorrectly identified the man on the jack card in the primary illustration as David Chiu. It is actually Star Brisbane’s chief financial officer Richard Chan.
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Nick McKenzieInvestigative reporterNick McKenzie is an Age investigative journalist who has three times been named the Graham Perkin Australian Journalist of the Year. A winner of 20 Walkley Awards, including the Gold Walkley, he investigates politics, business, foreign affairs and criminal justice.
Zoe SamiosBusiness reporterZoe Samios covers technology from the AFR’s Sydney newsroom. She previously covered wagering and the business of sport. Send tips to @zoesamios.06 on encrypted messaging platform Signal or email zoesamios@proton.me.