Mark Mackay returns to Star as Gold Coast CEO
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The news: Embattled casino operator Star Entertainment Group has appointed Mark Mackay as the new Gold Coast chief executive.
The numbers: Mackay was previously the chief operating officer at The Star Gold Coast, before moving to bigger rival Crown as the COO of its Melbourne casino.
He will return as CEO, starting 10 September, with his appointment subject to regulatory approvals. He replaces Jessica Mellor who resigned in May.
The context: Star said the appointment completes the new leadership team structure of decentralised management across its three integrated resort developments in Brisbane, Gold Coast and Sydney.
The decision comes a day after Star announced the sale of its Treasury Casino property in Brisbane as it scrambles for fresh financing to manage cost blowouts at its new Queen’s Wharf development.
It comes as the troubled gambling group reviews its financial and liquidity position after a months-long inquiry found it breached compliance rules between September 2022 and July 2024 and concluded it remained unsuitable to operate its flagship Sydney casino.
Star shares are currently suspended from the ASX after the company failed to lodge its full-year financial report last month.
What they said: “Mark has a deep understanding of what it takes to run a leading integrated resort development and brings a lot of capability to this role,” Star chair Anne Ward told investors.
The source: ASX announcement
