Scott Wharton, who was appointed as the CEO of The Star Sydney less than a year ago to oversee the casino and hotel complex, has resigned from his position.
Scott Wharton is scheduled to leave his position at The Star Sydney on April 28, as he has been appointed as the CEO of salary packaging company Smartgroup.
During his tenure at The Star, Mr. Wharton spearheaded the company’s renewal program, which aimed to improve governance and culture.
This development follows a challenging period for The Star Entertainment Group (SEG), the parent company of The Star.
In his departing statement, Wharton expressed gratitude to The Star’s team for their support during his brief tenure with the company.
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New announcements after the CEO of Sidney Star Casino resignation
Following Wharton’s resignation as CEO of The Star and Group Head of Transformation, CEO and Managing Director Robbie Cooke announced that the company will undergo restructuring, and two new appointments will be made.
The Sydney casino of the organization reported a loss of $1 billion in the first half of the current financial year.
This was attributed to regulatory changes and fines that left the business in a state of significant uncertainty.
Wharton’s resignation has reignited concerns about whether the new government of New South Wales (NSW) will proceed with the casino tax hikes that were previously announced by its predecessor.
Star had cautioned before last month’s state election that it could suffer a $1.6 billion impact on its bottom line due to the tax increases that had been included in the budget by the Coalition.
The Star Sydney has stated that it is fully committed to regaining the trust and confidence of the community, and recognizes the crucial role that Scott Wharton has played in laying important foundations since his appointment in July.
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