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flag Star Entertainment names interim CEO after Steve McCann steps down amid money-laundering scandal and $400M fine.

flag Star Entertainment has named a new interim CEO after Steve McCann stepped down after less than 18 months, citing the need for fresh leadership as the company recovers from a $400 million AUSTRAC fine and suspended gaming licenses tied to a money-laundering scandal. flag McCann, who joined during a crisis, helped execute a financial reset and advance a remediation plan. flag Star chair Bruce Mathieson Jnr will serve as executive chair during the search for a permanent replacement. flag The leadership change follows regulatory approval of a $300 million rescue package from Bally’s Corp and Mathieson’s Investment Holdings. flag Despite ongoing challenges from a 2021 scandal that deterred high-stakes gamblers, investors responded positively, pushing shares up 2.4%. flag McCann will assist with government and regulatory matters until July 8.

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