Casino operator The Star has appointed board member Anne Ward as its interim chair effective immediately.

This comes after the former chairman David Foster gave evidence at the New South Wales casino inquiry last week.

“That evidence he gave to the inquiry last week he basically admitted to the head of that inquiry … that the star in its current form is not ready to run itself without supervision,” Sky News Business Reporter Edward Boyd said.

“The inquiry is not holding up; it’s continuing on this morning … this company is obviously in a lot of trouble right now.

“They’re dealing with a big crisis; they obviously do not have their casino license at the moment they’re being managed by the New South Wales independent casino commissions appointed special manager who’s helping run the casino.”