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Star Entertainment’s new controlling shareholder says there is still money to be made in gambling but the company had been badly managed for years. The businessman’s visit, his second in two months, comes as the group’s Hong Kong backers are also in the country to take ownership of its Brisbane complex. The American giant has turned around plenty of casinos in the past. Now it is turning its attention to tackling its most daunting challenge yet. Its Australia-first trial of in-play betting in pubs and clubs aims to get more out of its expensive retail license agreements. The former prime minister is calling for regulatory reform following an investigation into the distribution and ownership of poker machines in Alice Springs.