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Star Entertainment Appoints Tyro’s Cooke as Managing Director, CEO — Update

Star Entertainment Appoints Tyro’s Cooke as Managing Director, CEO — Update #Star #Entertainment #Appoints #Tyros #Cooke #Managing #Director #CEO #Update Welcome to JeroVibes:

By Stuart Condie

Star Entertainment Group Ltd. appointed Tyro Payments Ltd. Managing Director Robbie Cooke as its new MD and chief executive.

The Australian casino operator said that Mr. Cooke’s appointment was subject to regulatory approvals and that his start date had not been set. ASX-listed payments company Tyro said in a separate announcement that Mr. Cooke had provided six months’ notice of his resignation.

Star cited Mr. Cooke’s experience at the head of listed companies including Tatts Group, which merged with gaming rival Tabcorp in 2017, in support of his appointment. Star, which has been mired in scandal over business practices including allegations it facilitated money laundering at it Sydney casino, has been without a permanent boss for the past three months.

“He has been the CEO of major ASX 200 listed companies and brings extensive commercial experience in operating and driving transformation programs within highly regulated environments,” Star said in a statement.

Matt Bekier quit as Star’s MD and CEO in late March amid criticism of his conduct at an inquiry into Star’s suitability to hold its Sydney casino license. His interim replacement, John O’Neill, quit as executive chairman less than two months later, following a raft of board and executive resignations.

Mr. Cooke led Tyro through its 2020 listing and guided it through a tumultuous period in January 2021 when its customers and share price were hit by outages of its payments terminals. Tyro remediated customers following the fault, which it attributed to a code bug.

Tyro said it would canvas both internal and external candidates for a successor, with Mr. Cooke working with the board to ensure a smooth transition.

Write to Stuart Condie at stuart.condie@wsj.com

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