The Star Entertainment Group Ltd

SGR: XASX (AUS)
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Star's New CEO Has a Big Job Ahead As Management Refresh Begins

No-moat Star Entertainment has hired a new CEO and managing director, the former Tyro Payments CEO Robbie Cooke. The move represents a return to the gaming industry for Cooke, who prior to Tyro, was at the helm of Tatts Group from 2013 until its 2017 merger with Tabcorp. While Tyro shares are down around 80% since the beginning of 2022, we anticipate the job at Star will be no easier with regulatory reviews looming in New South Wales (and also likely in Queensland).

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