Scientific Game

Star Entertainment Group executive performance rights vested

Thursday, 12 October 2017 05:36
Share
Visit us

Australia’s Star Entertainment Group has announced that a total of 461,198 performance rights granted to executives on 30 June 2014 have vested due to the achievement of the performance hurdles on testing, including 196,850 performance rights to Managing Director and CEO Matt Bekier.

Star said that the 2014 grant was the first award that comprised a 50% earnings per share (EPS) performance hurdle and a 50% relative total shareholder return (TSR) performance hurdle. The EPS hurdle measures the growth in statutory earnings per ordinary share adjusted for the theoretical win rate in the VIP rebate business. The target hurdle was set by the board by reference to the company’s board-approved five-year business plan.

For FY17, the EPS performance was 24.9 cents and was above the target of 21.8 cents approved by the board. Accordingly, 100% of the EPS component of the FY14 vested.

The company said that its TSR for the four-year period ended 1 October 2017 was 113.5%, which ranked 10th among the defined peer group and was at the 89.5th percentile. 100% of the TSR component vested due to performance being above the 75th percentile.

The 461,198 ordinary shares will now be purchased on-market and registered in the respective executives’ names.

What's new

MGM Cotai, Imperial Pacific Resort race to meet 2018 launch dates

MGM Cotai, Imperial Pacific Resort race to meet 2018 launch dates MGM China CEO and Executive Director Grant Bowie says the company is confident its new US$3.4 billion Macau integrated resort, MGM Cotai, will be ready to open by 29 January despite having yet to receive license approvals. Speaking to Macau government broadcaster TDM, Bowie said that MGM China was... Tuesday, 12 December 2017 06:10

Macau seeks measures for removal from EU list of “non-cooperative” taxation jurisdictions

Macau seeks measures for removal from EU list of “non-cooperative” taxation jurisdictions The Macau government says it is “maintaining close contact” with mainland China authorities on the adoption of the Convention on Mutual Administrative Assistance in Tax Matters – an initiative of the Organization for Economic Co-operation and Development (OECD) it believes would be helpful in ... Tuesday, 12 December 2017 05:53

Property developer unveils AU$150 million plan for Townsville casino surrounds

Property developer unveils AU$150 million plan for Townsville casino surrounds A local property developer has unveiled plans to build an AU$150 million resort surrounding Queensland’s The Ville casino in Townsville, which he describes as “the best site of any casino in Australia.” The concept plans were designed by specialist resort planners Gary Hunt Architects and Pur... Tuesday, 12 December 2017 05:25

Macau gaming lawyers receive global acclaim

Macau gaming lawyers receive global acclaim Two of Macau’s most highly credentialed gaming lawyers have been named in the 2018 Chambers and Partners 2018 Asia Pacific rankings – an annual list of the world’s top lawyers and law firms in their respective areas. MdME’s Rui Pinto Proença and Bruno Nunes from BN Lawyers were among just ... Tuesday, 12 December 2017 04:52

Current Issue

2017 Inside Asian Gaming Power 50: Meet the Selection Panel

2017 Inside Asian Gaming Power 50: Meet the Selection Panel Andrew W Scott CEOInside Asian Gaming Inside Asian Gaming’s CEO first entered a casino in 1986, fell in love with the surrounds and has been around them ever since. Andrew founded World Gaming Group and launched WGM in 2009, took over IAG in 2015, debuted a third magazine called High Life in ... Tuesday, 05 December 2017 19:28

2017 Inside Asian Gaming Power 50: Ten Years On

2017 Inside Asian Gaming Power 50: Ten Years On A decade of making the Asian Gaming Power 50 By Andrew W ScottIAG Asian Gaming Power 50 selection panel Chairman EVERY year for the last decade, Inside Asian Gaming has completed a task that is fascinating, exhilarating, intellectually stimulating and industry-defining whilst simultaneously bei... Tuesday, 05 December 2017 19:12

2017 Inside Asian Gaming Power 50: Number 19 -  James Murren

2017 Inside Asian Gaming Power 50: Number 19 - James Murren 19 James Murren CHAIRPERSON AND EXECUTIVE DIRECTORMGM China Holdings POWER SCORE1,165 LAST YEAR12 CLAIMS TO FAME • Chairman of the world’s second largest casino company • Credited with keeping MGM Resorts afloat during the GFC If the strong domestic results achieved by MGM China’s pa... Tuesday, 05 December 2017 14:44

2017 Inside Asian Gaming Power 50: Number 18 - Chen Lip Keong

2017 Inside Asian Gaming Power 50: Number 18 - Chen Lip Keong 18 Chen Lip Keong CEO AND EXECUTIVE DIRECTORNagaCorp POWER SCORE1,234 LAST YEAR20 CLAIMS TO FAME • Casino monopoly within 200 kilometers of Phnom Penh runs to 2035, license to 2065. • Owns 65% of first gaming company ever listed in Hong Kong • NagaWorld extension Naga2 debuted in Novemb... Tuesday, 05 December 2017 14:39