DeFi Daily News
Monday, June 30, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Finance Business Finance

rewrite this title and make it good for SEOTroubled casino operator Star Entertainment falls on further earnings deterioration By Reuters

Reuters by Reuters
October 29, 2024
in Business Finance
0 0
0
rewrite this title and make it good for SEOTroubled casino operator Star Entertainment falls on further earnings deterioration By Reuters
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

By Rishav Chatterjee

(Reuters) – Embattled casino operator Star Entertainment slumped on Wednesday, after swinging to a first-quarter loss and reporting a drop in revenue, adding to the rising uncertainty about its future revamp and earnings turnaround.

Shares of the Australian gaming group fell as much as 15.1% to A$0.243, on track for its weakest trading session since Sept. 27. The stock was the top loser in the benchmark .

Star reported an 18% drop in revenue to A$351 million ($230.19 million) for the three months ended September, with a loss before interest, tax, depreciation and amortisation of A$18 million.

Star cited a challenging operating environment and restrictions such as a mandatory carded play and cash limits for the decline in earnings.

“The impact of a more challenging consumer environment, loss of market share and the impact of changed business practices continue to negatively impact top-line performance,” Star said on Tuesday.

“Carded gaming rollout poses a significant risk to the underlying business in Queensland even if one looks through significant balance sheet and cashflow issues,” Jefferies said.

The debt-laden gaming firm has been in the eye of a perfect storm that has hit the Australian casino operators for years, with Star and Blackstone-owned larger rival Crown Resorts being engulfed with multiple regulatory inquiries amid muted tourist visits and long closures.

Over the last few years, Star’s board and management team have been hit with two Bell inquiries, lost its CEO and chairman and has almost gone broke.

The company said it had available cash of A$149 million at the end of September — which included proceeds of A$60.5 million from the sale of the Treasury casino building in Brisbane.

“1Q25 trading update reflects a further deterioration in conditions,” analysts at Jefferies said in a note, adding that they currently see limited catalysts for an earnings turnaround at the casino firm.

($1 = 1.5249 Australian dollars)

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: casinodeteriorationEarningsEntertainmentFallsGoodoperatorReutersrewriteSEOTroubledstartitle
ShareTweetShare
Previous Post

rewrite this title Paxos CEO warns US risks losing financial leadership without crypto reform

Next Post

rewrite this title Tesla CEO Elon Musk Predicts Robots to Outnumber Humans by 2040 – Decrypt

Next Post
rewrite this title Tesla CEO Elon Musk Predicts Robots to Outnumber Humans by 2040 – Decrypt

rewrite this title Tesla CEO Elon Musk Predicts Robots to Outnumber Humans by 2040 - Decrypt

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
Rough N’ Rowdy 25 FREE PREVIEW | Watch 20 Fights + Ring Girl Contest TONIGHT

Rough N’ Rowdy 25 FREE PREVIEW | Watch 20 Fights + Ring Girl Contest TONIGHT

August 9, 2024
rewrite this title AI+ Will Launch Its First Smartphones in India on This Date

rewrite this title AI+ Will Launch Its First Smartphones in India on This Date

June 30, 2025
rewrite this title Why Spanish Vanadi Coffee’s .1B Bitcoin Bet Will ‘Likely Fail’ – Decrypt

rewrite this title Why Spanish Vanadi Coffee’s $1.1B Bitcoin Bet Will ‘Likely Fail’ – Decrypt

June 30, 2025
rewrite this title XRP Price Springs Higher — Rally Reignited with Bullish Momentum

rewrite this title XRP Price Springs Higher — Rally Reignited with Bullish Momentum

June 30, 2025
rewrite this title with good SEO Crypto Regulation: Turkish Authorities Announce New Stringent Regime – Details

rewrite this title with good SEO Crypto Regulation: Turkish Authorities Announce New Stringent Regime – Details

June 29, 2025
rewrite this title Flamengo 2-4 Bayern Munich: Kane brace sets up Club World Cup last eight clash with PSG

rewrite this title Flamengo 2-4 Bayern Munich: Kane brace sets up Club World Cup last eight clash with PSG

June 29, 2025
rewrite this title Superman Cast Teases New Movie With Hilarious Behind The Scenes Clip | Celebrity Insider

rewrite this title Superman Cast Teases New Movie With Hilarious Behind The Scenes Clip | Celebrity Insider

June 29, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.