4 questions lodged at 2025 Star Entertainment hybrid EGM

Q1. Best practice is to disclose the proxies early to the ASX along with the formal addresses. Pointsbet did that at this morning's unsuccessful scheme meeting in Melbourne. Please display on the screen and read out the proxy position in full now on all 4 resolutions so that shareholders can ask questions about things like the participation rate, the level of opposition and the exclusions which applied. You should also be following the agenda, not dealing with debate on all 4 questions as one job lot.

Answer: The chair Anne Ward simply took this as a comment and said nothing would change. The later disclosure of the proxies showed overwhelming support for all 4 resolutions. Watch video of exchange via Twitter.

Q2. Why is billionaire Bruce Mathieson allowed to vote on resolution 1 dealing with the Ballys investment when he appears to be associated with Bally in an arrangement for them to share control of the company. Which law firm provided the advice to Star which said the Mathieson interests should not be excluded from voting on resolution 1? Could the CEO please outline what he understands to be the relationship between Bally and the Mathieson interests?

Answer: The chair Anne Ward said this is what both Bally and the Mathiesons represented to them, so they accepted the position. Hmmm, that's pretty controversial and the votes weren't needed in the end given the overwhelming support. Watch video of exchange via Twitter, plus these comments by CEO Steve McCann.

Q3. What is the latest insight on whether the proposed Queens Wharf transaction will proceed. Surely the idea was for that transaction to close before the Bally-Mathieson bailout proceeded. Have the two joint venture partners at Queens Wharf voted in favour of all resolutions today?

Answer: The chair Anne Ward said she didn't know how the big two Asian shareholders had voted, then CEO Steve McCann said they'd called him yesterday to let him know they were both voting in favour of all resolutions. Watch video of exchange via Twitter.

Q4. How far progressed is Bally with probity in NSW and Queensland and have they told CEO Steve McCann if they propose to retain him as CEO or install one of their US executives as CEO? Based on what he has seen so far, could Steve McCann comment on whether he would be happy to work for a Bally controlled Star?

Answer: The chair Anne Ward once again attempted to monopolise the response but when Steve McCann finally got the call, he opened up on a range of fronts. Watch video of exchange via Twitter, plus these initial comments by Steve McCann, his explanations on dealings with Bally and the Mathiesons and his optimism about the future.

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