The Star Sydney CEO Scott Wharton has resigned, less than a year after taking up the appointment overseeing the troubled casino and hotel complex.
Mr Wharton will remain in the position until April 28, and will join employee management services corporation Smartgroup in July as CEO and managing director, on a $1 million salary package.
During his time with The Star, Mr Wharton oversaw the company's renewal program, targeting governance and culture.
It comes after a tumultuous period for parent company, The Star Entertainment Group (SEG).
The organisation's Sydney casino reported a $1 billion loss for the first half of this financial year, attributed to regulatory changes and fines that left its business "in a state of significant uncertainty".
SEG came under fire last year after allegations of money laundering, which sparked an investigation by the NSW Independent Casino Commission (NSWICC), and saw Australia's corporate watchdog, ASIC, launch legal action against past and current directors in December.
Last year, the NSWICC found SEG was unsuitable to hold its Sydney casino licence, and, that the group, which also has a venue in Queensland, was "rotten to the core".
It fined the SEG $100 million, and suspended its licence.
Mr Wharton's departure has renewed questions about whether NSW's new government will forge ahead with casino tax increases that were announced by its predecessor.
Star had warned before last month's state election it faced a $1.6 billion hit to its bottom line under tax increases that had been written into the budget by the Coalition.
During the election campaign, Labor's Daniel Mookhey, who was sworn in as treasurer last week, insisted his party would not reduce the Star's tax rate.
But today, Premier Chris Minns did not repeat that commitment.
"I'm not going to speculate about future government decisions in relation to revenue," he said.
"Obviously we'll get a deeper understanding about the budget position particularly in relation to revenue and the potential effects on the economy, we'll go on from there."
Today, SEG said in a statement to the ASX it would embark on an executive restructure after Mr Wharton's resignation.
"I want to thank Scott for his valuable contribution, particularly in respect of our remediation actions," said SEG CEO Robbie Cooke.
"We are committed to winning back trust and confidence from the community and the work Scott has led since his appointment last July has laid incredibly important foundations."
In a statement, Mr Wharton said he was excited to lead Smartgroup and "build on its success".
He also said his brief time in charge of The Star's Sydney operation had been productive.
"It has been hugely rewarding to contribute alongside so many committed, hard-working leaders and team members," he said.
