Australia’s Star Entertainment Group has confirmed it will close its corporate office and hand more responsibility back to its three integrated resorts in Sydney, Brisbane and the Gold Coast as its new ownership team looks to cut costs.
Weeks after the head office closure was first mooted by Star’s recently appointed chairman Soo Kim – also the chairman of US casino operator Bally’s Corp – the Australian Financial Review revealed Monday that the company would push ahead with its cost-cutting plan, with staff informed of the decision via a recent internal memo.
“It is our intent to close the corporate office in its current form,” said Bruce Mathieson Jr, Star’s new Group CEO and director.
