{"id":777014162,"date":"2024-03-21T08:29:53","date_gmt":"2024-03-21T11:29:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014162"},"modified":"2026-04-22T11:50:59","modified_gmt":"2026-04-22T14:50:59","slug":"bruce-mathieson-raises-stake-in-the-star-entertainment-group","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/bruce-mathieson-raises-stake-in-the-star-entertainment-group","title":{"rendered":"Bruce Mathieson raises stake in The Star Entertainment Group"},"content":{"rendered":"\n<p>The Australian billionaire has become the casino operator&#8217;s largest shareholder.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.-\u00a0<strong>The Star Entertainment Group\u00a0<\/strong>has announced through a company filling\u00a0that <strong>Investment Holdings<\/strong>, a company owned by Australian billionaire<strong>\u00a0Bruce Mathieson<\/strong>, has increased its shareholding in from 6 per cent to 8.21 per cent. The move makes Investment Holdings the casino operator&#8217;s largest shareholder.<\/p>\n\n\n\n<p>The move comes as\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/nicc-announces-second-inquiry-into-the-star-entertainment-group\" target=\"_blank\" rel=\"noreferrer noopener\">the company faces a second inquiry into its operations at its Sydney casino<\/a>.\u00a0Focusing on the casino\u2019s suitability for operation, the inquiry will again be led by\u00a0<strong>Adam Bell SC<\/strong>. It will report on May 31 before the end of the term of the\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/nicc-extends-appointment-of-the-stars-special-manager\" target=\"_blank\" rel=\"noreferrer noopener\">independent manager<\/a>\u00a0in June.<\/p>\n\n\n\n<p><strong>Star Entertainment&#8217;s shares have <\/strong>fallen by around 83 per cent since 2022. The company reported <a href=\"https:\/\/focusgn.com\/asia-pacific\/the-star-entertainment-revenue-down-14-6-in-h1\" target=\"_blank\" rel=\"noreferrer noopener\">net revenue of AU$865.7m (US$556m)<\/a>\u00a0for the first half of financial year 2024, down 14.6 per cent year-on-year. The\u00a0<strong>Star Sydney\u00a0<\/strong>revenue was AU$450m (US$2926m), down 16.9 per cent year-on-year. EBITDA was AU$37.4m (US$24.3m), down 57.2 per cent. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian billionaire has become the casino operator&#8217;s largest shareholder.<\/p>\n","protected":false},"author":176,"featured_media":17622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Investment Holdings, owned by Bruce Mathieson, has increased its stake in The Star Entertainment Group to 8.21%, making it the casino operator's largest shareholder. This strategic move occurs as The Star faces a second regulatory inquiry into its Sydney casino's operational suitability and reports significant financial underperformance, including an 83% share price decline since 2022 and substantial revenue and EBITDA reductions.","focusai_entities":"The Star Entertainment Group, Investment Holdings, Bruce Mathieson, Adam Bell SC","focusai_location":"Australia, Sydney","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Mathieson's Strategic Intent?","query":"What is Bruce Mathieson's strategic intent behind increasing his stake in The Star Entertainment Group amidst severe regulatory scrutiny and financial underperformance, and how might this influence future governance or operational restructuring?"},{"label":"Regulatory Inquiry Impact?","query":"What specific operational deficiencies or governance failures is the second Adam Bell SC inquiry expected to uncover, and what are the potential implications for The Star's B2C licensing and market access in New South Wales?"}],"footnotes":""},"categories":[16336,157],"tags":[23871],"class_list":["post-777014162","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\/777014162","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=777014162"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014162\/revisions"}],"predecessor-version":[{"id":777014169,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014162\/revisions\/777014169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17622"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}