Why Is The Star Entertainment’s CEO Stepping Down Now?
The Star Entertainment Group announces the departure of CEO Steve McCann, with Executive Chairman Bruce Mathieson Jnr stepping in during the search for a new leader. This leadership change follows a strategic investment by Bally’s Corporation, signaling a new chapter for the company.
- Steve McCann resigns as Group CEO and Managing Director effective 16 December 2025
- Bruce Mathieson Jnr appointed Executive Chairman to oversee transition
- McCann to assist with government and regulator relations until July 2026
- Leadership change follows Bally’s Corporation strategic investment
- Focus on building momentum for The Star’s future growth and recovery
Leadership Transition at The Star Entertainment
The Star Entertainment Group has announced a significant leadership change with the departure of Steve McCann as Group CEO and Managing Director, effective immediately on 16 December 2025. McCann’s exit marks the end of a pivotal chapter for the company, which has navigated through a complex and challenging period under his stewardship.
Bruce Mathieson Jnr, already a key figure on the board, will assume the role of Executive Chairman, taking on additional responsibilities while the company conducts a search for a permanent CEO. This interim arrangement aims to ensure continuity and stability as The Star charts its next course.
McCann’s Tenure and Legacy
Steve McCann joined The Star during a time of crisis, tasked with steering the business through financial and operational headwinds. His leadership saw the delivery of a critical financial reset and the advancement of a Remediation Plan designed to address past challenges and lay the groundwork for sustainable future success.
In his farewell remarks, McCann highlighted the strategic investment by Bally’s Corporation and Investment Holdings Pty Ltd as a catalyst for new opportunities. He expressed confidence that fresh leadership with the right experience and passion would be essential to build on the momentum created and guide The Star towards recovery and growth.
Looking Ahead – Stability and Strategic Renewal
Bruce Mathieson Jnr praised McCann’s contributions and acknowledged the resilience of The Star’s 8,000-strong workforce, whose dedication has been central to safeguarding the business. The appointment of Mathieson as Executive Chair signals a steady hand at the helm during this transitional phase.
While McCann will remain available to assist with government and regulatory interactions until mid-2026, the company’s focus will now shift to identifying a new CEO capable of capitalising on the strategic investment and driving The Star’s next chapter of growth.
Investors and market watchers will be keenly observing the CEO search process and any forthcoming strategic initiatives that may emerge under new leadership.
Bottom Line?
The Star’s leadership shuffle sets the stage for a fresh strategic push, but the CEO search will be critical to sustaining momentum.
Questions in the middle?
- Who will be the frontrunner to succeed Steve McCann as permanent CEO?
- How will Bally’s Corporation’s investment influence The Star’s strategic direction?
- What timeline and criteria will guide the CEO appointment process?
