Casino operator Star reports A$1.68b annual loss amid liquidity, regulatory squeezes

The future of Star’s showpiece Sydney casino has been thrown into fresh doubt. (Image: Bloomberg)

Fri, 27 Sep 2024

By Stuart Condie Star Entertainment reports a massive annual loss in its delayed results as the embattled Australian casino owner moves to shore up its balance sheet and keep hold of its license to operate in Sydney.The ASX-listed company, which is mired in a longstanding effort to persuade the gaming regulator in Australia’s NSW to let it keep its casino licence, on Thursday reported an annual loss of A$1.68 billion (NZ$1.82b) for the 12 months through June.The results, published about a month late and still unaudited, take the loss...

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