The newly appointed chairman of embattled Australian casino operator Star Entertainment Group, Soo Kim, has described the company’s historical woes as the “greatest bit of mismanagement I’ve ever seen”.
Star does, however, also represent a “generational opportunity” for his company to reverse the fortunes of the one-time giant of Australia’s gaming landscape.
Kim is the chairman of US casino giant Bally’s Corp, which alongside local pub firm Investment Holdings Pty Ltd has invested AU$300 million (US$200 million) to claim a combined 61% stake in Star that has saved the company from administration. Since gaining shareholder and regulatory approval in 2025, the new majority owners have put a broom through Star’s boardroom and executive teams, with all former board members now gone and Kim recently named as new chairman.
