Star Entertainment Leadership Shake-Up Deepens as CFO and COO Exit Amid Ongoing Restructuring

Embattled Australian casino operator Star Entertainment has announced another major leadership shake-up, confirming the resignation of its Chief Financial Officer, Frank Krile, who has left the company with immediate effect. The company also revealed that Group Chief Operating Officer Jeannie Mok has resigned and will officially depart at the end of January 2026, marking a significant transition period for the struggling casino group.

The executive departures come at a critical time for Star Entertainment, which has been undergoing extensive restructuring following regulatory scrutiny, financial distress, and governance challenges. The announcement follows the recent appointment of Bruce Mathieson Jr. as the company’s new Chief Executive Officer, replacing Steve McCann. Star confirmed Mathieson Jr.’s CEO appointment on Monday, reinforcing a broader overhaul of its leadership team.

Earlier this month, the company also appointed Soo Kim, chairman of U.S.-based casino group Bally’s, as its new chairman. Bally’s, along with the Mathieson family, has played a central role in stabilizing Star Entertainment after the operator narrowly avoided bankruptcy. Bally’s currently holds a 38% stake in the company, while the Mathieson family owns approximately 23%, making them Star’s largest shareholders and key backers of its financial rescue.

In a statement, CEO Bruce Mathieson Jr. acknowledged the departing executives’ contributions, saying he appreciated their efforts, particularly in advancing the company’s remediation and compliance initiatives. Star Entertainment has been working to rebuild trust with regulators and investors while restoring operational stability across its casino assets.

The company confirmed it will begin a formal search for a new group chief financial officer, signaling further changes ahead as it reshapes its executive leadership.

Following the announcement, Star Entertainment shares fell as much as 3.9%, trading at A$0.125 by late Monday, reflecting continued investor caution around the casino operator’s turnaround prospects. As Star navigates leadership changes and regulatory recovery, market participants will closely watch whether the new management team can deliver long-term stability and improved financial performance.