Law firms Maurice Blackburn and Slater and Gordon announced they are preparing to launch class action lawsuits against The Star Entertainment Group following revelations that the casino operator’s board of directors ignored serious operational risk warnings. Star Stock Plummets Both law firms are preparing to launch class-action lawsuits on behalf of Star’s investors, who saw […]
The Star Entertainment Group announced in a filing to the Australian Stock Exchange (ASX) its report for the half financial year 2021 ended December 31, 2020, posting statutory revenues of AU$741.4 million. Material Impact on the Business The 29.6% slump in revenues was mainly due to the casino property closures and coronavirus-induced restrictions on the […]
Gaming and hospitality operator The Star Entertainment Group announced Monday it signed an agreement with the New South Wales Government to ensure regulatory certainty regarding protecting the exclusivity of its The Star Sydney casino in terms of providing electronic gaming machines (EGMs). As part of the agreement, a flat tax rate as a percentage of […]
Australia’s largest casino operators, The Star Entertainment Group and Crown Resorts, have adopted measures to weather the COVID-19 occasioned lockdown without taking too much of a financial hit. Crown Resorts and The Star Entertainment Group Updated Securities Filings Australian casino giants have taken serious pay cuts across their executive staff to help weather the coronavirus […]
