{"id":777009541,"date":"2023-09-22T06:32:07","date_gmt":"2023-09-22T09:32:07","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777009541"},"modified":"2026-04-22T17:51:00","modified_gmt":"2026-04-22T20:51:00","slug":"the-star-appoints-hamish-macdonald-as-new-company-secretary","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/the-star-appoints-hamish-macdonald-as-new-company-secretary","title":{"rendered":"The Star appoints Hamish Macdonald as new company secretary"},"content":{"rendered":"\n

Macdonald has previously served as chair of the NZX Corporate Governance Institute.<\/p>\n\n\n\n\n\n\n\n

Australia.- The Star Entertainment Group <\/strong>has announced through a company filing it has appointed Hamish Macdonald<\/strong> as its new company secretary, subject to regulatory approvals.\u00a0It describes Macdonald as a senior executive with extensive legal, regulatory and governance experience. <\/p>\n\n\n\n

He has previously held positions including general counsel and company secretary for the New Zealand Stock Exchange (NZX) and chair of the NZX Corporate Governance Institute.<\/p>\n\n\n\n

Under Listing Rule 12.6, Jennie Yuen<\/strong> will remain responsible for communicating with the ASX until all approvals have been obtained. The casino operator has announced that Nawal Silfani<\/strong>, who was appointed as a company secretary in September 2022, will take on a new strategic governance role within the group.<\/p>\n\n\n\n

The Star said: “The board welcomes Mr Macdonald and acknowledges the ongoing and valuable contributions from Ms Silfani and Ms Yuen.”<\/p>\n\n\n\n

In its\u00a0financial results for the fiscal year 2023<\/a> The Star Entertainment Group reported that its net loss grew from AU$203m in the prior year to AU$2.44bn (US$1.57bn). The company reported a 22 per cent year-on-year increase in gross revenue to AU$1.86bn (US$1.20bn) and a 34 per cent increase in EBITDA to AU$317m (US$204m).<\/p>\n\n\n\n

The company said a process to refinance debt facilities is underway<\/strong> and that it will provide an update in the coming months. It has reached an agreement with the NSW Government to amend the casino duty rates<\/a>.<\/p>\n\n\n\n

See also:<\/strong> The Star and Konami strengthen SYNKROS casino systems partnership for technological advancement<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Macdonald has previously served as chair of the NZX Corporate Governance Institute.<\/p>\n","protected":false},"author":176,"featured_media":26456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Star Entertainment Group has appointed Hamish Macdonald as its new company secretary, pending regulatory approvals, leveraging his extensive legal, regulatory, and governance expertise. This strategic personnel change occurs amidst the operator's significant FY23 net loss of AU$2.44bn, despite growth in gross revenue and EBITDA, as it navigates debt refinancing and amended casino duty rates with the NSW Government.","focusai_entities":"The Star Entertainment Group, Hamish Macdonald, Jennie Yuen, Nawal Silfani, NZX Corporate Governance Institute, New Zealand Stock Exchange, ASX, NSW Government, Konami","focusai_location":"Australia, New Zealand","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.95), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact of Governance Shift?","query":"How might Hamish Macdonald's extensive governance and regulatory background influence The Star's ongoing compliance remediation efforts and its relationship with key regulatory bodies, particularly concerning the NSW Government's casino duty rates agreement?"},{"label":"Debt Refinancing Outlook?","query":"Given the significant FY23 net loss and the ongoing debt refinancing process, what specific strategies is The Star Entertainment Group employing to optimize its capital structure and restore investor confidence amidst these governance changes?"}],"footnotes":""},"categories":[16336,157],"tags":[23871],"class_list":["post-777009541","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/777009541","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=777009541"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009541\/revisions"}],"predecessor-version":[{"id":777041278,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009541\/revisions\/777041278"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26456"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777009541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}