Star Entertainment Reports Massive Loss Amid Regulatory Changes

Australia’s Star Entertainment Group has disclosed a significant statutory loss for the fiscal year ending June 30, 2024. The reported loss amounts to AU$1.69 billion (US$1.16 billion). This substantial financial downturn is largely attributable to a non-cash impairment charge of AU$1.44 billion (US$987 million), which reflects the adverse trading conditions and the impact of stringent regulatory measures recently introduced. Financial downturn […]