{"id":777008440,"date":"2023-08-22T07:25:32","date_gmt":"2023-08-22T10:25:32","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777008440"},"modified":"2026-04-22T18:51:19","modified_gmt":"2026-04-22T21:51:19","slug":"bruce-mathieson-requests-approval-to-increase-stake-in-star-entertainment","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/bruce-mathieson-requests-approval-to-increase-stake-in-star-entertainment","title":{"rendered":"Bruce Mathieson requests approval to increase stake in Star Entertainment"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Mathieson has applied for regulatory approval from the New South Wales casino regulator<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Australia.- The entrepreneur\u00a0<strong>Bruce Mathieson<\/strong>\u00a0has submitted an application to the New South Wales casino regulator to increase his shareholding in the Star Entertainment Group. Under the regulations governing casino licensees in the state, any investor&#8217;s ownership exceeding 10 per cent needs regulatory approval.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A regulator spokesperson told The Australian Financial Review that &#8220;a probity assessment can extend for weeks or months.\u201d According to The Financial Review Rich List, Mathieson is one of the wealthiest people in Australia with a fortune of AU$2.13bn. He acquired nearly 10 per cent of Star Entertainment for <strong>AU$141.7m <\/strong>in February amid challenges for the casino operator, including <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/queensland-deems-the-star-unsuitable-to-hold-a-casino-licence\" target=\"_blank\">regulatory scrutiny<\/a>, class actions and the impact of the Covid-19 pandemic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/the-star-to-contest-legal-action-over-queens-wharf-brisbane-project\" rel=\"noreferrer noopener\">The Star to contest legal action over Queen\u2019s Wharf Brisbane project<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mathieson has applied for regulatory approval from the New South Wales casino regulator<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Bruce Mathieson has formally applied for regulatory approval from the New South Wales casino regulator to elevate his shareholding in Star Entertainment Group beyond the mandated 10% threshold. This strategic move unfolds as Star Entertainment navigates a complex operational landscape, marked by intensified regulatory scrutiny, class-action litigation, and post-pandemic recovery efforts. The requisite probity assessment is anticipated to be a protracted process.","focusai_entities":"Bruce Mathieson, Star Entertainment Group, New South Wales casino regulator, The Australian Financial Review, The Financial Review Rich List","focusai_location":"New South Wales, Australia","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Governance Impact?","query":"What are the potential implications of Bruce Mathieson's increased shareholding on Star Entertainment Group's corporate governance framework and strategic decision-making, particularly given its ongoing regulatory challenges and the need for robust governance frameworks?"},{"label":"Probity Assessment Precedent?","query":"What factors typically influence the duration and complexity of a probity assessment for a significant investor in a licensed casino operator in New South Wales, and what precedents exist for similar ownership threshold applications?"}],"footnotes":""},"categories":[16336,157],"tags":[23871],"class_list":["post-777008440","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-business-news","tag-the-star-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777008440"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008440\/revisions"}],"predecessor-version":[{"id":777008443,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777008440\/revisions\/777008443"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777008440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777008440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777008440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}