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Stock Market News

Australia’s Star Entertainment swings to an annual loss

08/22/2022

Less than a minute

2022.08.22 01:57

Australian casino operator Star Entertainment Group swung to an annual loss on Monday, hurt by long spells of COVID-19-led property and border closures, regulatory reviews and compliance costs.

The country’s second biggest casino operator said its net loss after tax attributable was A$198.6 million ($136.48) million, compared with a profit of A$57.9 million last year.

($1 = 1.4552 Australian dollars)

Source