{"id":777049445,"date":"2026-11-06T07:04:42","date_gmt":"2026-11-06T10:04:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777049445"},"modified":"2026-11-06T09:04:02","modified_gmt":"2026-11-06T12:04:02","slug":"mathieson-star-shareholding-increase","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mathieson-star-shareholding-increase","title":{"rendered":"The Star\u2019s major shareholder increases stake to 24.33%"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Bruce Mathieson and Investment Holdings increased their interest in The Star Entertainment Group to more than 1.64 billion shares.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Key takeaways:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bruce Lawrance Mathieson and Investment Holdings increased their interest in The Star to 24.33 per cent of voting power.<\/li>\n\n\n\n<li>Their holding rose from 1,537,154,955 to 1,640,202,815 ordinary shares on November 4.<\/li>\n\n\n\n<li>Investment Holdings received regulatory approval to increase its stake above the company\u2019s usual ownership restrictions.<\/li>\n\n\n\n<li>The Star reported positive EBITDA of AU$12m (US$8.4m) in the first quarter of FY27.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Australia.- The <strong>Star Entertainment Group<\/strong> has announced a change in the substantial shareholding of <strong>Bruce Lawrance Mathieson<\/strong> and Investment Holdings Pty Ltd. Their interest in the casino operator has increased to 24.33 per cent of the company\u2019s voting power.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to an ASX announcement published on November 6, The Star became aware that the shareholders\u2019 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\u2019 acquisition of up to 37.33 per cent of The Star\u2019s shares as an exception to restrictions under Australia\u2019s Corporations Act.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The increased stake comes as The Star seeks to <a href=\"https:\/\/focusgn.com\/asia-pacific\/star-entertainment-quarterly-ebitda-growth\" target=\"_blank\" rel=\"noopener\">improve its financial position<\/a> 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).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Last month, The Star accepted <a href=\"https:\/\/focusgn.com\/asia-pacific\/star-entertainment-aml-penalty\" target=\"_blank\" rel=\"noopener\">a AU$260m (US$183m) civil penalty<\/a> imposed by Australia\u2019s Federal Court over historical anti-money laundering breaches, with the amount set to be paid in four instalments over 19 months.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Frequently asked questions (FAQs)<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Who increased their stake in The Star Entertainment Group?<\/strong> 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.<\/li>\n\n\n\n<li><strong>What percentage of The Star does Mathieson and Investment Holdings now control?<\/strong> Their interest represents 24.33 per cent of The Star Entertainment Group\u2019s voting power, following an increase in their holding to 1,640,202,815 ordinary shares.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bruce Mathieson and Investment Holdings increased their interest in The Star Entertainment Group to more than 1.64 billion shares.<\/p>\n","protected":false},"author":226,"featured_media":777034406,"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 and Investment Holdings have increased their substantial shareholding in The Star Entertainment Group to 24.33% of voting power, following prior regulatory approval to exceed standard ownership restrictions. This development coincides with The Star reporting positive Q1 FY27 EBITDA and managing a significant civil penalty for historical anti-money laundering breaches.","focusai_entities":"Bruce Lawrance Mathieson, Investment Holdings Pty Ltd, The Star Entertainment Group, ASX, Australia's Federal Court","focusai_location":"Australia","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Star's Governance Impact?","query":"How might the increased stake by Mathieson and Investment Holdings, coupled with the regulatory approval for exceeding ownership limits, influence The Star's future corporate governance framework and strategic direction?"},{"label":"AML Penalty's Financial Effect?","query":"What is the projected impact of the AU$260m civil penalty for AML breaches on The Star's capital allocation strategy and its ability to sustain the reported positive EBITDA trajectory?"}],"footnotes":""},"categories":[16336,157],"tags":[24920],"class_list":["post-777049445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-the-star-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777049445","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777049445"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777049445\/revisions"}],"predecessor-version":[{"id":777049456,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777049445\/revisions\/777049456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777034406"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777049445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777049445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777049445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}