The Star Entertainment Appoints David Schollenberger as Chief Risk Officer

(AsiaGameHub) –   The Star Entertainment Group is pressing forward with its internal organizational restructuring following the appointment of its new Chief Risk Officer.

The announcement was posted by David Schollenberger himself on his personal LinkedIn profile, which highlights his lengthy career managing key compliance processes across multiple public and private gaming firms.

This appointment is expected to help bolster the company’s standing after a stretch of financial belt-tightening.

Notably, Schollenberger served as Director of Compliance and Policy at the Cyprus National Gaming and Casino Supervision Commission from 2018 to 2021. After that role, he joined Metric Gaming as Head of Legal and Compliance for a three-year term.

One of his most recent prior positions was Senior Legal Counsel – International at Bally’s Interactive before he relocated to Australia to join The Star as Deputy Chief Legal Officer. Just two months into this role, he has now been named the company’s Chief Risk Officer.

The move from Bally’s Interactive to The Star was not a random coincidence, either. In 2025, Bally’s Corporation — the former parent company of Bally’s Interactive (now owned by Intralot) — completed a deal to acquire a 38% stake in The Star Entertainment Group, worth AU$300 million (£158 million).

SBC News readers will be aware that The Star reported a net deficit of AU$302 million in 2025, with year-over-year revenue falling by 25% and a AU$26 million decline in EBITDA.

On top of that, The Star was investigated by the Australian Transaction Reports and Analysis Center (AUSTRAC) over suspected money laundering, which prompted the company to pledge substantial investments into its compliance infrastructure.

The financial pressures were so severe that the company’s leadership was forced to sell its Queen’s Wharf venue in Brisbane in order to stay operational.

At one point, The Star’s shares were temporarily delisted from the Australian Stock Exchange after the company missed the deadline to submit its financial filings.

Since completing the deal with Bally’s Corporation, there have been several high-profile leadership changes at The Star aimed at getting the casino back on solid footing. In December, Bally’s Chair Soo Kim took on the role of Board Chairman, while Bruce Mathieson Jnr stepped into the newly appointed Chief Executive Officer position to replace Steve McCann, who resigned from the role.

Now that Schollenberger is officially overseeing some of the company’s most strategic responsibilities, The Star appears determined to regain its former standing sooner rather than later.