\nWhile I find the position exceptionally disappointing, I have reached the conclusion that my continuation in the Group CEO role is not going to be conducive to the NSW Independent Casino Commission (NICC) determining to find The Star capable of becoming suitable to hold a casino license in NSW,”<\/strong> Cooke said. “In these circumstances, a change in leadership provides the best opportunity for the business to navigate the regulatory pressure it is facing.” <\/strong><\/span><\/p>\n<\/blockquote>\nStar Chair David Foster will serve as interim CEO as a global search for Cooke’s successor takes place. Foster thanked Cooke for working to stabilize and resolve “a number of existential threats” to the enterprise. Foster will receive monthly compensation of AU$40,000 (US$26,109) while serving in the capacity. <\/span><\/p>\nImportant Inquiry<\/b><\/span><\/h2>\nThe NSW Independent Casino Commission inquiry is the second of its kind in recent years into Star’s Sydney operations. <\/span><\/p>\n\n
A state inquiry led by Adam Bell concluded in 2022 that Star is unsuitable to possess a gaming concession. The devastating findings gave Star until January 2024 to remedy the regulatory shortcomings. <\/span><\/p>\n<\/div>\nLast December, however, the NSW Independent Casino Commission said a slew of regulatory concerns remained at The Star Sydney, and another inquiry was initiated. The subsequent inquiry, dubbed “Bell Inquiry Two” by the NICC, is ongoing. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Star Entertainment CEO Robbie Cooke has resigned amid another regulatory inquiry.<\/p>\n","protected":false},"author":25,"featured_media":315011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,21],"tags":[81985,13651,88104,84913,85512,90306,88405,82763,88406,82652],"acf":[],"yoast_head":"\n
Star CEO Robbie Cooke Resigns Amid Firm's Suitability Probe<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n