A wave of significant change is sweeping through Star Entertainment, barely a month after Bally’s Corporation assumed control of the troubled casino operator. The shift began this week with the startling announcement of two key leadership departures – a signal of a new era for the company.
Frank Krile, the Group Chief Financial Officer, has already exited the organization, his resignation effective December 29th. His departure marks an immediate restructuring at the highest financial levels of the business, leaving a critical role to be filled.
Adding to the upheaval, Jeannie Mok, the Group Chief Operating Officer, will also be leaving at the end of January 2026. Mok’s relatively short tenure, beginning in June 2024, was largely focused on navigating the complex process of remediation and unifying key operational areas.
The search for a new CFO is now underway, promising a period of evaluation and transition as the company seeks a leader to steer its financial future. Details regarding the selection process and timeline will be revealed as they become available.
CEO Bruce Mathieson Jnr acknowledged the departures with gratitude, praising both Krile and Mok for their contributions to the ongoing remediation efforts. He extended his best wishes for their future endeavors, framing the changes as part of a necessary evolution.
Simultaneously, the Board has solidified Mathieson Jnr’s position, formally appointing him as Group Chief Executive Officer and Managing Director. This move signals a clear commitment to his leadership as the company attempts to rebuild and regain stability.
The appointment is ongoing, with a total employment cost of $800,000 annually. Performance-based incentives are also in place, offering significant potential rewards tied to the achievement of company-wide objectives.
These incentives, structured similarly to those for other key executives, will be detailed in the upcoming FY26 Remuneration Report, providing transparency into the performance metrics driving leadership compensation. The appointment remains subject to final regulatory approvals in New South Wales and Queensland.
