Star Entertainment Group, Australia's second-biggest casino business, reports a bleak financial outlook due to high roller avoidance and regulatory compliance costs.
The Star Entertainment Group, Australia's second-biggest casino business, reported a bleak financial outlook, with high rollers avoiding its casinos and regulatory compliance costs affecting earnings. The company expects to report $1.68bn in revenue for the current financial year, a decline from its low point in 2023. Neale O'Connell, the interim CFO, will also take over CEO duties temporarily as the company continues its search for a new permanent CEO and MD.
June 24, 2024
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