Star Entertainment board chairman David Foster replaced days after appearing at casino regulator inquiry

  • 📰 abcnews
  • ⏱ Reading Time:
  • 27 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 83%

David Foster News

Star,Star Entertainment,Nsw

In a statement to the ASX the company announced that David Foster had been replaced by Anne Ward as chairman of the board, effective immediately.

Mr Foster's departure from the role comes days after a text message in which he suggested the state's casino regulator should be abolished was made public.The board of Star Entertainment Group has changed leadership as an inquiry looks at whether the company is fit to run a casino in New South Wales.

His message to the then Star Entertainment Group CEO Robbie Cooke emerged last Tuesday during a second inquiry by the regulator, the NSW Independent Casino Commission , into the company's suitability to hold a casino licence. According to Star Entertainment's ASX announcement, Mr Foster will remain on the board as a director and continue as CEO for an "interim period".

'Bloody stains of colonisation' have been hidden from Victoria's history books for too long, premier says

Source: News Formal (newsformal.com)

Star Star Entertainment Nsw Board Executive Director Resign The Star Nsw Independent Casino Commission

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in AU

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.

Wish I put my phone down’: Star chairman David Foster’s lament won’t save jobDavid Foster says his messages about the regulator were made in the heat of the moment. But his evidence showed increasing tensions between Star and the regulator.
Source: FinancialReview - 🏆 2. / 90 Read more »

Chanticleer podcast: Imploding Star Entertainment, Woodside’s energy battle & inflation runs hot, againThis week on the Chanticleer podcast, James & Anthony look at casino operator Star Entertainment’s second brush with disaster, go inside the battle over energy giant Woodside’s climate plan, and ask where rates go next after hot inflation numbers.
Source: FinancialReview - 🏆 2. / 90 Read more »

SGR ASX: Robbie Cooke’s last stand shows Star Entertainment’s big problemRobbie Cooke said he felt under attack by Star’s regulator. Has this ‘us and them’ mentality really left the casino operator?
Source: FinancialReview - 🏆 2. / 90 Read more »

Star Entertainment is eating itself aliveHow far will the regulator push the company? How much damage have squabbling executives done? An inquiry into the Sydney casino operator is getting ugly.
Source: FinancialReview - 🏆 2. / 90 Read more »

Former CFO accuses The Star Entertainment Group of financial misconductThe former chief financial officer of The Star Entertainment Group has accused the company of plotting to misconstrue the group’s financials and hiding its debt struggles. The accusation was made during the Bell inquiry into the company’s culture.
Source: theage - 🏆 8. / 77 Read more »

Key Executives to Give Evidence in Second Probe into Star Entertainment GroupStar Entertainment Group's special manager, former CFO, and former chief legal officer are set to give evidence in the second probe into the casino group. The fate of the business, including the potential closure and the risk to jobs and revenue, will be determined by Adam Bell SC.
Source: theage - 🏆 8. / 77 Read more »