McCann steps down as CEO of casino group Star Entertainment

Thoroughbred industry identity Steve McCann has resigned as chief executive and managing director of financially troubled casino operator Star Entertainment Group, effective immediately, the company said on Tuesday.

Recently appointed Star chairman Bruce Mathieson Jr will assume additional responsibilities as executive chair while the company conducts a search for a permanent replacement for McCann, a shareholder in leading Hunter Valley stallion and breeding operation Vinery Stud.

Star said McCann had agreed to remain available during a handover period to assist with government and regulatory engagement until July 8, 2026.

McCann said the strategic investment by Bally’s Corporation and Investment Holdings Pty Ltd provided the company with an opportunity to pursue recovery and future growth.

“The strategic investment by Bally’s Corporation and Investment Holdings Pty Ltd provides an opportunity for The Star to move in a new direction and pursue a pathway to recovery and future growth. Now is the right time for new leadership to be put in place with the experience and passion to build on that momentum and take The Star forward,” he said.

“I want to thank our 8,000-strong workforce for their commitment and resilience throughout a challenging period. Their dedication has been central to safeguarding the business and positioning it for its next chapter.”

The Star’s Gold Coast casino is a major sponsor of auction house Magic Millions while the group was also a slot holder in The Everest until striking financial trouble.