The Star’s major shareholder increases stake to 24.33%

Bruce Mathieson and Investment Holdings increased their interest in The Star Entertainment Group to more than 1.64 billion shares.

Key takeaways:

• Bruce Lawrance Mathieson and Investment Holdings increased their interest in The Star to 24.33 per cent of voting power.
• Their holding rose from 1,537,154,955 to 1,640,202,815 ordinary shares on November 4.
• Investment Holdings received regulatory approval to increase its stake above the company’s usual ownership restrictions.
• The Star reported positive EBITDA of AU$12m (US$8.4m) in the first quarter of FY27.

Australia.- The Star Entertainment Group has announced a change in the substantial shareholding of Bruce Lawrance Mathieson and Investment Holdings Pty Ltd. Their interest in the casino operator has increased to 24.33 per cent of the company’s voting power.

According to an ASX announcement published on November 6, The Star became aware that the shareholders’ interests had increased on November 4 from 1,537,154,955 to 1,640,202,815 ordinary shares. In June 2025, shareholders approved Investment Holdings’ acquisition of up to 37.33 per cent of The Star’s shares as an exception to restrictions under Australia’s Corporations Act.

The increased stake comes as The Star seeks to improve its financial position and stabilise its operations. In its first-quarter FY27 results, the group reported a return to positive EBITDA, posting AU$12m (US$8.4m), compared with a AU$13m loss in the same period a year earlier. Consolidated revenue rose 2 per cent year-on-year to AU$284m (US$199.5m).

Last month, The Star accepted a AU$260m (US$183m) civil penalty imposed by Australia’s Federal Court over historical anti-money laundering breaches, with the amount set to be paid in four instalments over 19 months.

Frequently asked questions (FAQs)

• Who increased their stake in The Star Entertainment Group? Bruce Lawrance Mathieson and Investment Holdings Pty Ltd increased their interest in The Star Entertainment Group, according to an ASX announcement published on November 6.
• What percentage of The Star does Mathieson and Investment Holdings now control? Their interest represents 24.33 per cent of The Star Entertainment Group’s voting power, following an increase in their holding to 1,640,202,815 ordinary shares.