Former CEO Robbie Cooke thought he had all the experience needed to rescue Star Entertainment, but his career gamble has led to a spectacular bust.
Just 18 months ago Robbie Cooke walked through the front doors of casino operator Star Entertainment to reform a company which – in his words – had lost its way.
And with Cooke’s knowledge of gambling, and experience with the gambling regulators, what could go wrong?Let’s start with Cooke’s own words about the NSW Independent Casino Commission view, as conveyed to him by his own chairman in December, that the commission had lost confidence in his ability to reform The Star.
Even before Cooke fronted the inquiry on Wednesday, other executives and board members had well laid outAs the management’s reportedly combative and paranoid attitude to the NSW Independent Casino Commission put an end to the casino operator’s hope of regaining the regulator’s trust. The most startling revelation from the inquiry is the suggestion that Cooke couldn’t even keep faith with his senior executives.
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