Bally's, Mathieson family cement hold on Australia's Star with executive shuffle
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Bally's and the Mathieson family have tightened their control over Australia's Star Entertainment by appointing Bruce Mathieson Jr as CEO and Soo Kim as chairman. Star's shares surged over 14% following the executive shuffle. The company, which has faced financial and regulatory challenges, has seen narrowed losses in fiscal 2025 and Q1 2026. Despite improved performance, uncertainty remains about its future. The Mathieson family and Bally's hold significant stakes in Star and have been crucial in its financial rescue.
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