The Star Entertainment Group is continuing to press on with its internal reshuffles after naming its new Chief Risk Officer.
The announcement was shared by the person himself, David Schollenberger, on his personal LinkedIn page, which also shows an extensive career in handling important compliance procedures at a number of both public and private gambling companies.
The promotion is likely to help strengthen the company’s position following a period of financial austerity.
Of note, Schollenberger was the Director of Compliance and Policy at the Cyprus National Gaming and Casino Supervision Commission between 2018 and 2021. Following that, he joined Metric Gaming as Head of Legal and Compliance for another three-year tenure.
One of his most recent roles was Senior Legal Counsel – International at Bally’s Interactive before he moved over to Australia to start at The Star as a Deputy Chief Legal Officer. Two months into that role, he’s now the firm’s Chief Risk Officer.
The transition from Bally’s Interactive to The Star is not coincidental, either. In 2025, Bally’s Corporation, former owner of Bally’s Interactive (now owned by Intralot), swooped in to secure a buyout deal of 38% of shares in The Star Entertainment Group, valued at AU$300m (£158m).
SBC News readers will know that The Star was facing a net deficit of AU$302m in 2025, with revenues down 25% YoY, and an AU$26m drop in EBITDA.
Not only that, The Star was probed by the Australian Transaction Reports and Analysis Center (AUSTRAC) regarding concerns of money laundering, which led to the company committing to significant investments into its compliance infrastructure.
Costs were so severe that its management was forced to sell its Queen’s Wharf venue in Brisbane to stay afloat.
At one point, The Star stocks were also temporarily taken off the Australian stock exchange after the firm failed to meet the deadline to submit its financial statement.
Following the deal with Bally’s Corporation, there have been a few notable shakeups at the top of The Star to try and get the casino back on track. In December, Bally’s Chair Soo Kim became a Chairman of the Board and Bruce Mathieson Jnr stepped in as the new Chief Executive Officer to cover for Steve McCann who stepped down from the role.
And with Schollenberger now officially taking over some of the most strategic tasks at the company, The Star seems determined to return to its former glory sooner rather than later.
