SGR 1.11% 44.5¢ the star entertainment group limited

News: SGR UPDATE 3-Star Entertainment chair David Foster latest to depart amid Sydney casino...

  1. 187,393 Posts.
    lightbulb Created with Sketch. 2754
    	  Co appoints non-executive director Anne Ward as new chair 
    

    	  Search ongoing for permanent CEO 
    

    	  Shares up 3.2%, as of 0102 GMT 
    

    (Changes headline, adds context in paragraph 5, and updates with share moves in paragraph 7)

    April 29 (Reuters) - Star Entertainment (SGR) said on Monday Chairman David Foster has stepped down just more than a year into the role, adding to an exodus of senior management at the beleaguered Australian casino operator.

    Foster, who became chairman in March 2023, took over additional executive duties late last month after Chief Executive Officer Robbie Cooke, and finance officer, Christina Katsibouba, announced their exit.

    Foster will continue with his executive duties for an interim period as the search for a permanent CEO continues, Star said.

    Anne Ward, an independent and non-executive director who was appointed to the Star board in November 2022, will take over as chair, effective immediately.

    The departures come at a time when the casino operator is facing a second inquiry into its Sydney operations after a license to operate the casino was suspended in October 2022, with the regulator "not satisfied" with the company's progress on its remedial measures.

    Earlier this month, Jessica Mellor, chief executive of Star Gold Coast casino in Queensland - the casino's youngest and first female chief - announced her departure without providing any reason.

    Shares of the company were trading 3.2% higher at A$0.4025, as of 0102 GMT. Star's shares have lost 22.3% so far this year.

 
watchlist Created with Sketch. Add SGR (ASX) to my watchlist
(20min delay)
Last
44.5¢
Change
-0.005(1.11%)
Mkt cap ! $1.276B
Open High Low Value Volume
44.5¢ 45.5¢ 44.0¢ $2.550M 5.702M

Buyers (Bids)

No. Vol. Price($)
3 47731 44.5¢
 

Sellers (Offers)

Price($) Vol. No.
45.0¢ 280149 8
View Market Depth
Last trade - 16.10pm 14/05/2024 (20 minute delay) ?
Last
44.5¢
  Change
-0.005 ( 0.27 %)
Open High Low Volume
44.5¢ 45.3¢ 44.0¢ 4019734
Last updated 15.59pm 14/05/2024 ?
SGR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.