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The first report from Independent monitor appointed by Australian Star Entertainment Group Overseeing the delivery of its remediation plan said it appeared mature enough to proceed, but warned that the scope of reforms needed could be wider than expected.
Allen & Overy Consulting was appointed by Star in August, and the casino operator said at the time that they would oversee the design and implementation of the company’s renewal plan.
The independent monitor is different from the special manager recently appointed by the NSW Independent Casino Commission to oversee The Star Sydney Query found that Star is not suitable.
The star has also been found Not suitable for Queenslandwhich operates The Star Gold Coast and Treasury Brisbane, and will appoint a second special manager to oversee its work north of the border.
On Monday, Allen & Overy Consulting released its first report, saying it believed that Star’s remediation plan “has [Star] The Board considers starting the implementation phase. “
In particular, it found that the scope of the scheme was designed to address the root causes of incompatibility raised by the Bell Report in NSW and the Gottson Report in Queensland, ensuring that arrangements for programme delivery were in place and that individual executives who had been identified were will be responsible for this.
However, Allen & Overy raised questions about the need to update program timelines to ensure delivery and update of program-related execution-level performance metrics.
“In our view, these investigations do not rule out [Star] From entering the execution phase,” it said. “Instead, they should inform iterations of planning documents to ensure that the plan provides sustainable change.
“We will closely monitor developments in this regard, including seeking input from the newly appointed manager of The Star Sydney, as well as anyone else who may be appointed to a similar managerial role in relation to The Star Gold Coast, as well as Brisbane Treasurer department.”
While we haven’t had a chance to interview the incoming CEO (Robert Cook), in the preparation of this report, we worked with many [Star’s] Senior leadership including Mr. Ben Heap, Interim Chairman of the Board.
“Building on these conversations and reflecting on [Star’s] We believe that the level of investment and executive attention [Star] Recognize the extent of the challenges it faces in correcting root causes and restoring trust, and has shown an intent to do so. “
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