
Star chamber: Investors run for the exits over casino corruption claims
Shares in casino operator Star Group fell almost 20 per cent on the market open this morning after the Nine Group reported claims of corruption.
Shares in casino operator Star Group fell almost 20 per cent on the market open this morning after the Nine Group reported claims of corruption.
The Queen’s Wharf casino opening has been pushed back by up to six months as pandemic shutdowns hit the Star Group.
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Casino operator Star Group has produced a profit result that shows a stark contrast between NSW and Queensland and the way each state was impacted by COVID-19.
Star Group’s net profit has dived 147 per cent to a loss of $95 million after its casinos in Brisbane, Sydney and the Gold Coast were shut down during the COVID-19 lock downs.
The Star Group will bring back 3000 workers as it reopens its Sydney, Gold Coast and Brisbane casinos.