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Australia’s Star Entertainment high brass steps down amid Sydney on line casino inquiry

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Australia’s Star Entertainment high brass steps down amid Sydney on line casino inquiry

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(March 22): Australia’s Star Entertainment’s chief govt and finance officer are departing, the beleaguered on line casino operator stated on Friday, because it faces a second inquiry into its Sydney operations.

Chief Executive Officer Robbie Cooke, who can also be the managing director, will step down instantly, whereas Chief Financial Officer Christina Katsibouba will likely be changed by Neale O’Connell on an interim foundation beginning subsequent week, Star stated in statements.

The firm, which is dealing with a second inquiry into its Sydney on line casino operations after a license to function the on line casino was suspended in October 2022, stated CEO Cooke’s management was not going to be conducive to the inquiry.

Katsibouba, who was appointed as Star’s CFO in late 2022 when the corporate was below elevated scrutiny by regulators as a consequence of poor administration of money-laundering dangers, determined to depart to pursue different pursuits, it added.

The interim CFO, Neale O’Connell, has beforehand served as the worldwide CFO of journey administration providers supplier Corporate Travel Management, and was additionally the finance chief of Tatts Group for six years from 2012, Star stated.

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