U.S. markets open in 6 hours 3 minutes
  • S&P Futures

    4,263.50
    -13.25 (-0.31%)
     
  • Dow Futures

    33,889.00
    -74.00 (-0.22%)
     
  • Nasdaq Futures

    13,431.75
    -61.50 (-0.46%)
     
  • Russell 2000 Futures

    1,985.30
    -3.80 (-0.19%)
     
  • Crude Oil

    87.94
    -0.17 (-0.19%)
     
  • Gold

    1,775.80
    -0.90 (-0.05%)
     
  • Silver

    19.57
    -0.16 (-0.82%)
     
  • EUR/USD

    1.0156
    -0.0024 (-0.23%)
     
  • 10-Yr Bond

    2.8930
    0.0000 (0.00%)
     
  • Vix

    19.90
    +0.21 (+1.07%)
     
  • GBP/USD

    1.2018
    -0.0033 (-0.27%)
     
  • USD/JPY

    135.1810
    +0.0910 (+0.07%)
     
  • BTC-USD

    23,391.88
    -935.15 (-3.84%)
     
  • CMC Crypto 200

    555.96
    -16.85 (-2.94%)
     
  • FTSE 100

    7,502.59
    -13.16 (-0.18%)
     
  • Nikkei 225

    28,942.14
    -280.63 (-0.96%)
     

Australia's Star Entertainment hires Tyro head as CEO, shares rise

·1 min read
FILE PHOTO: Sydney's Star Casino complex is seen illuminated at night

By Tejaswi Marthi

(Reuters) -Australia's Star Entertainment appointed Tyro Payments head Robert Cooke as its chief executive on Wednesday, saying his experience in the financial services industry would help steer it through a period of intense regulatory scrutiny.

Shares of Star Entertainment, the country's No.2 casino operator, climbed 2.4% to hit their highest in nearly three weeks after having fallen 28% so far this year, while Tyro plunged more than 20% to touch a record low of A$0.620.

Cooke's appointment comes three months after Matt Bekier stepped down as Star Entertainment's CEO in the wake of multiple inquiries over possible breaches of anti-money laundering and counter-terrorism laws at the company's casinos.

"There are challenges for The Star that have been well documented. They will be my priority and focus," Cooke said.

In a separate statement, Tyro said Cooke had served a six-month notice period, stating that he would step down as the payments terminal provider's CEO.

Earlier this month, Queensland launched an investigation to review Star Entertainment's suitability for a licence after an inquiry in neighbouring state New South Wales accused the casino operator of allowing breaches of anti-money laundering protocols at its Sydney resort.

(Reporting by Tejaswi Marthi in Bengaluru; Editing by Shailesh Kuber and Subhranshu Sahu)