Star’s chief risk officer says the casino operator is closer to the start of its turnaround plan than the end. That’s a worry for investors.
Already a subscriber?This isn’t Scott Saunders’ first rodeo. Before joining The Star Entertainment Group as chief risk officer, he was the general manager of financial crime and chief compliance officer at Westpac – roles he held as the bank“I’ve never worked for an organisation that has been under the pressure that The Star is under at the moment,” he said on Monday as he appeared as a witness atInvestors clearly share that view. Star’s shares fell 1.
But he also nailed the big problem for Star investors trying to decide whether there is any value to be salvaged from this stock. “I would flag that we have two years left at least in this remediation plan,” he said. “We’re six months in, and two years to go.”
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