Bruce Mathieson buys 9.97pc of Star

Bruce Mathieson has become a significant investor in Star Entertainment.“It’s a simple thing. In my opinion, it’s a wonderful asset to have,” he said on Wednesdayreferring to Star’s sprawling Sydney flagship casino, the Queen’s wharf development in Brisbane and Gold Coast property.

Mr Mathieson, the country’s 54th wealthiest individual according to the Financial Review Rich List, is a major investor in Endeavour, the operator of a chain of pubs and liquor stores including BWS and Dan Murphy’s.“I think they’ve certainly got a rocky road ahead, but I think everyone in business sometimes goes through a rocky period,” he said of Star.

Last year, a NSW inquiry found Star was unfit to run its Sydney casino after displaying “cavalier” risk management. But the company has been allowed to keep its all-important licences, with little sign from NSW or Queensland of an appetite to strip its permits despite being found unfit to run them.that there was “no use investing in businesses that are already done”.

Source: News Formal (newsformal.com)

How revolting

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bruce Mathieson gets his hands on 9.97pc of StarStar Entertainment Group has confirmed pub baron Bruce Mathieson’s crept up its register, as revealed by Street Talk.
Source: FinancialReview - 🏆 2. / 90 Read more »

Lisa Wilkinson seeks to defend Bruce Lehrmann defamation suit by proving rape claimThe veteran journalist has filed her written defence to a defamation claim brought against her by Bruce Lehrmann.
Source: smh - 🏆 6. / 80 Read more »

Lisa Wilkinson seeks to defend Bruce Lehrmann defamation suit by proving rape claimVeteran journalist Lisa Wilkinson will seek to prove former federal Liberal staffer Bruce Lehrmann raped his then-colleague Brittany Higgins in Parliament House as part of a truth defence to his defamation claim against her and Network Ten.
Source: theage - 🏆 8. / 77 Read more »

‘Bruce Springsteen was very nervous about his cameo’: Nick Hornby and Stephen Frears on High Fidelity‘I thought the film was dead. But then one morning my newsagent, a fellow Arsenal fan, gave me a note that said: “Call Stephen Frears.” It was an unconventional approach’
Source: GuardianAus - 🏆 1. / 98 Read more »

Bruce Mathieson buys 9.97pc of StarThe billionaire pub baron said the embattled casino operator was a great turnaround opportunity after acquiring a 9.7 per cent stake in the business. How revolting
Source: FinancialReview - 🏆 2. / 90 Read more »