Star Entertainment chief Steve McCann is working overtime to find someone willing to give the embattled casino group another chance.
It isn’t an easy sell, even for a master dealmaker. Whoever tips in money to solve the group’s cash crunch has a real chance of losing it.
But not McCann. He’s fully insulated, even for the time he takes trying to keep Star afloat. It says so, right on the government’s Personal Property Securities Register (PPSR).
It has, since August 30, listed the CEO as a secured creditor to the company he leads, in defence of his escrowed entitlements. He attained secured creditor status slightly before 5pm that day, in what company sources say was the culmination of a lengthy process to formalise the terms of his employment.
SGR Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
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