Pub and pokie machine baron Bruce Mathieson has become the equal largest shareholder in Star Entertainment Group following his acquisition of a 9.97% stake in the company.
Pokie Magnate Bruce Mathieson Becomes Star Group's Largest ShareholderSpeaking to The Sydney Morning Herald he said:
Pokie Magnate Bruce Mathieson Becomes Star Group's Largest Shareholder Pokie Magnate Bruce Mathieson Becomes Star Group's Largest Shareholder (€64 million) for license breaches that included allowing money laundering to take place at its Sydney casino.“I wouldn’t be buying it unless I thought it was good value. I like the assets of the company, I like the industry and I just think it’s something that [as] a long-term holding for my family will be great.”
As a result of those investigations, no individual is allowed to purchase 10% or more of the company’s shares.
Mathieson, who is worth approximately AU$3.7 billion, oversees pokie machine and pub empire Australian Liquor and Hospitality (ALH) jointly with the supermarket chain Woolworths. ALH is the largest pokie machine operator in Australia.
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Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.