The chairman of US casino firm Bally’s Corp, Soo Kim, has flagged a possible dismantling of the entire corporate entity of Star Entertainment Group in favor of a property-level management structure and warned that jobs are on the line as he looks to find a more sustainable path forward for the embattled Australian operator.
Having earlier this week also been named as Star’s new chairman – a move he describes as unplanned – Kim told the Australian Financial Review that change was inevitable in order to reverse the company’s flagging fortunes.
Noting that he had promised the regulator that Bally’s would decentralize Star’s operations and implement stronger property-level management, Kim reportedly told the AFR, “There has to be a change.”
