{"id":248,"date":"2024-06-25T23:21:42","date_gmt":"2024-06-25T20:21:42","guid":{"rendered":"https:\/\/godofgambling.icu\/2024\/06\/25\/star-gold-coast-ceo-departs-amid-leadership-changes\/"},"modified":"2024-06-25T23:21:42","modified_gmt":"2024-06-25T20:21:42","slug":"star-gold-coast-ceo-departs-amid-leadership-changes","status":"publish","type":"post","link":"https:\/\/godofgambling.icu\/2024\/06\/25\/star-gold-coast-ceo-departs-amid-leadership-changes\/","title":{"rendered":"Star Gold Coast CEO Departs Amid Leadership Changes"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/PphGvQXs7OI\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Star Gold Coast&#8217;s chief executive, Jessica Mellor, is departing the organization. She has held the position since last October and will officially step down on May 24th.<\/p>\n<p>Mellor has been a pivotal figure in the company&#8217;s endeavors to transform the Gold Coast property into a top-tier resort. She has also been instrumental in guiding the company through the difficulties posed by the COVID-19 pandemic.<\/p>\n<p>Ian Brown, the gaming director of Star Gold Coast, will serve as the interim CEO while the company seeks a permanent successor. Mellor will continue to provide support to the company until September, assisting with the transition and other crucial initiatives. <\/p>\n<p>Jessica feels this is the ideal moment to depart.  We, the board, and I express our gratitude for her dedication as the head of Star Entertainment.<\/p>\n<p>Star Entertainment has also lost its chief executive and chief financial officer.<br \/>\nMeller&#8217;s exit is the most recent in a series of high-level departures at Star Entertainment in recent weeks, with several other senior managers also leaving.<\/p>\n<p>In mid-March, Robbie Cooke declared he was stepping down as the company&#8217;s top executive and managing director. Christina Cassibba will also step down as the chief financial officer.<\/p>\n<p>Cooke took over as the head of Star Entertainment in November 2022. Before that, he was the fourth CEO in a year for the operator, following Matt Bekier (who resigned during the Star Entertainment NSW inquiry), John O&#8217;Neill and Geoff Hogg.<\/p>\n<p>Last month, Star Entertainment stated that the leadership changes were in the best interests of the company. Foster will assume the additional role of executive chairman while a permanent CEO search is underway.<\/p>\n<p>Cassibba will leave the company to pursue other opportunities. Former Tatts Group CFO Neil O&#8217;Connell will take on the role on a temporary basis.<\/p>\n<p>Star Entertainment&#8217;s third-quarter net loss<br \/>\nThis month, Star Entertainment also released a trading update for the third quarter. This included a 4.6% decrease in revenue to A$419.2 million (\u00a3216.1 million\/\u20ac252.6 million)\/$269.0 million.<\/p>\n<p>Star Entertainment stated that revenue from its properties&#8217; premium gaming rooms was down year-on-year. This was reflected across the industry \u2013 Sydney Star Entertainment&#8217;s premium gaming room revenue declined by 19.3%. The decrease at Gold Coast Star Entertainment was 20.0%, while Treasury Brisbane&#8217;s was 28%. <\/p>\n<p>Despite this, the primary gaming zones witnessed a rise in earnings. Sydney Star&#8217;s income climbed by 5.4%, Gold Coast Star&#8217;s income rose by 4.6%, and Brisbane Treasury&#8217;s income went up by 6.4%. Nevertheless, income from high-end gambling establishments resulted in a 4.6% decrease in overall revenue across all three hotels.<\/p>\n<p>Not all financial outcomes were disclosed in the update. The publicly accessible financial outcomes include a net loss after taxes of A$6.8 million.  However, this is a positive indication compared to the A$49.7 million loss recorded in the third quarter of 2023.<\/p>\n<p>News of a second round of inquiries into the Star by the New South Wales Independent Gaming Commission surfaced in the third quarter. This is a follow-up to the notorious Bell Report.<\/p>\n<p>The inquiry, labeled &#8220;Bell Two,&#8221; commenced on February 19th and will continue until May 31st.<\/p>\n<p>The initial Bell Report uncovered a series of anti-money laundering and social responsibility shortcomings at the Sydney Star. It suggested 30 measures to enhance practices. A year after the initial report was released, a report indicated that the Star had implemented 22 of the 30 recommendations.<\/p>\n<p>The second round of inquiries will concentrate on the Star&#8217;s culture and the influence of the first Bell Report.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Star Gold Coast&#8217;s chief executive, Jessica Mellor, is departing the organization. She has held the position since last October and will officially step down on May 24th. Mellor has been a pivotal figure in the company&#8217;s endeavors to transform the Gold Coast property into a top-tier resort. She has also been instrumental in guiding the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Star Gold Coast CEO Steps Down, Interim Leader Appointed<\/title>\n<meta name=\"description\" content=\"Jessica Mellor, CEO of Star Gold Coast, is departing the company after a year in the role. 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