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Star Entertainment logo is seen in this illustration taken, April 23, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
Dec 17 (Reuters) - Australia's Star Entertainment (SGR.AX), opens new tab on Wednesday named Bruce Mathieson Jr as its new chief executive as he relinquishes his position as the chairman.
The embattled casino operator appointed U.S. gaming group Bally's (BALY.N), opens new tab chair Soo Kim as the new Star chairman.
The Mathieson family and Bally's are Star's largest shareholders, holding stakes of 23% and 38% respectively.
The appointments come a day after chief executive Steve McCann stepped down, following his efforts to steer the debt-laden firm through financial and regulatory turmoil.
Shares of the firm rose 4.8% to A$0.11 as of 2315 GMT.
Reporting by Sneha Kumar in Bengaluru; Editing by Shailesh Kuber
Our Standards: The Thomson Reuters Trust Principles., opens new tab
