Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn


Star Entertainment profit slumps 44pc

AAP  |  24 Aug 2018Text size  Decrease  Increase  |  
Email to Friend

Page 1 of 1

Star casino gamble

SYDNEY [AAP] The Star Entertainment Group's (ASX: SGR) full-year profit has slumped 44 per cent to $148 million, hurt by low house-win rates in their international VIP business, debt restructuring costs and expenses relating to the opening of a Gold Coast hotel.

Revenue, however, rose 5.5 per cent to $2.47 billion, as the money that international high-rollers brought to play with had risen 36.4 per cent to $4.7 billion, and turnover lifted 54.3 per cent to $61.2 billion.

The casino operator declared a final dividend of 13 cents per share, up from 8.5 cents per share a year ago.


AAP logo image

© [2018] Australian Associated Press Pty Limited (AAP) or its Licensors. This is the Morningstar service with content provided by AAP where indicated. AAP reserves all rights, including copyright, in services provided by it. The information in the service is for personal use only, does not constitute financial product advice (whether general or personal) and may not be re-written, copied, re-sold or re-distributed, framed, linked or otherwise used whether for compensation of any kind or not, without the prior written permission of AAP. You should seek advice from a professional financial adviser before making decision to acquire or dispose of a financial product.

This service is published for general information purposes only without assuming a duty of care. AAP is not in the business of providing financial product advice (whether personal or general advice), and gives no warranty, guarantee or other representation about the accuracy of the information or images contained in this service. AAP is not liable for errors, omissions in, delays or interruptions to or cessation of the services through negligence or otherwise. The globe symbol and "AAP" are registered trademarks.

Email To Friend