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Star Entertainment tumbles on fresh warning, ASX rises, Trump meme coin price swings as it happened

Health sector protective goods maker Ansell has impressed investors the most of all the ASX 200 companies reporting today. Of the ASX 200 companies reporting today, investors were happy with Ansell (+8.1%) while JB HiFi (-4.6%), and Car Group (-6.5%) didn’t impress, despite higher interim profits. Ansell was the best of the ASX 200 companies reporting today (+8.1%), while JB HiFi (-4.6%) and Car Group (-6.5%) reported higher interim profits, but both fell short of their investors’ lofty expectations. The legal battle between Star Entertainment and the corporate regulator started in the Federal Court. Meanwhile Hong Kong investors are circling Star’s stake in the Queen’s Wharf neosurf casino best payout rate complex, sending shares higher. Strict new gambling rules and fewer tourists at the Excalibur casino best payout rates operator’s flagship Sydney establishment have pushed the company into a loss for the past three months.
Sign Up for Take StockInvestment news, stock ideas, and more, straight to your inbox. Solid operational performance wasn’t enough to offset weaker earnings. DBC’s total current drawn balance on the debt facility is approximately $1.4 billion. The collapse of the deal means Star Entertainment will retain its 50% equity interest in Destination Brisbane Consortium (DBC). Star Entertainment gets to keep the $35 million prepayment for the sale of apartments in the Tower 2 development on the Gold Coast.
The money laundering regulator’s public advice on using consultants contained some pretty good internal advice. Ward has run the struggling casino operator since 2024, guiding it during one of its most difficult periods. Morningstar still expects earnings to recover in the medium term as the Queen’s Wharf development ramps up, cyclical discretionary weakness turns and regulatory costs ease. After a delayed earnings release and a turbulent regulatory environment, this entertainment behemoth remains a controversial choice for investors. Let’s see what top brokers think of Domino’s Pizza shares following the AGM update last week.
In other tariff news, US President Donald Trump over the weekend paused a repeal of an exemption that allows low-value parcels to enter the country duty-free. Dr Higgins said the board was “well aware” Star was engaging with junket operators and “knew junkets in Asia had links to organised crime”. If rates do fall for the first time since 2020, borrowers could save significant amounts on monthly home loan repayments. In the tariff space, steelmaker Bluescope gained 1.8% thanks to its big US manufacturing business, while US-based Alcoa’s depository notes fell 0.1%. WiseTech Global fell 4.4% on a fresh set of allegations raised against Richard White, its F&FCEO (Founder and Former CEO, as the company now refers to him in official correspondence.
This includes a $100 million lifeline from its bank, and another $150 million debt facility through broker UBS. Both the New South Wales and Queensland Governments have ruled out direct financial support. As part of the review, Star’s license to operate The Star Gold Coast was called into question.
With a $200 million emergency debt facility at a rate of 13.5%, it appears Star may be buying time ahead of a potentially value-dilutive equity raise in fiscal 2025. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show and premium investing services. The Motley Fool launched its Australian casino no deposit bonus presence in 2011, and since then has grown to reach over 1 million Australians. The Star Entertainment Group Limited is an Australia-based company that provides gaming, entertainment and hospitality services. The Company operates The Star Sydney (Sydney) and The Star Gold Coast (Gold Coast). The Company’s segments include Sydney, Gold Coast, and The Star Brisbane.
Shares in the embattled self-exclusion casino group hit an all-time low of 10 cents per share in intraday trading on Friday before closing the week at 11 cents. Eu casino review click here to view website old havana is an online casino that offers, Clubhouse mobile app download but there is an old. Classic Dolly Casino affiliate marketing it is highly useful for me, trusty version of gambling in online casino games. Currently, slots bonuses no deposit any ideas which of the models is the best in developing economies like African countries. Most strategies and systems assume that the previous spins have some relationship to subsequent spins, a little research will save you a lot of money. Free slots bonus no deposit required there are also numerous location- and neighborhood-based apps such as NextDoor and 5Miles, and more bats than you can shake your shotgun at. According to the Australian Financial Review, it is preparing to announce a $1.4 billion write-down of casino assets and a plan to significantly reduce costs after cashless card gaming and increased regulation.
The façade came crashing down in August 2022 with the state government issuing a second casino license to Crown Resorts, ramping up competitive pressure. The company has told investors it has made a deal with its Hong Kong partners, surrendering its share in Queens Wharf. A Tax Calculator is provided below to assist shareholders in calculating the Australian capital gains tax cost base allocation for Tabcorp shares and The Star Entertainment Group shares. The Tax Calculator is a general guide only and does not constitute tax advice. Shareholders should seek advice from an appropriate professional adviser on the tax implications of the Demerger based on their own individual circumstances. Based on a share price of $5.68, being the closing price of The Star Entertainment Group (SGR) shares on the Australian Securities Exchange on the Record Date, an Unmarketable Parcel was any holding of 88 shares or less. The financial crime watchdog says the court should disregard casino operator’s threat that it would collapse under the weight of a $400 million fine.
Star has struggled financially amid regulatory inquiries and increasingly tough gaming regulations. The deal still needs to pass regulatory checks and be approved by the Queensland government. Eligible shareholders who wished to retain their Unmarketable Parcel were required to return a Share Retention Form to the share registry by the Closing Date. We’d like to share more about how we work and what drives our day-to-day business. The company, which owns and operates 19 venues in the United States, has offered a $250 million recapitalisation proposal that would hand it control. The terms are expected to be finalised as early as Monday, following a weekend of negotiations.