A beleaguered gambling giant has revealed the staggering sums paid out to the top brass, days after receiving an 11th hour debt waiver.
Star Entertainment released its audited financial report on Tuesday afternoon, following the repayment deal struck with its lenders.
Past and present executives were paid a cumulative $10.1million in the past financial year, the report revealed.
CEO Steve McCann received about $5m from the group after joining in June last year in the company’s most turbulent era to date.
He took home a $2.5m sign-on bonus added to his fixed pay, in lieu of taking part in the casino’s failed incentive program.
Chief Financial Officer Frank Krile too took a signing bonus amounting to $655,000, as well as his $487,000 in pay since joining the group last December.
Star’s