From 8c0ee562a051b3338067d1a2e1e26016d15f13e7 Mon Sep 17 00:00:00 2001 From: Alisia Fagan Date: Sun, 23 Nov 2025 04:26:58 +0800 Subject: [PATCH] Add ASX closes up 0 2pc just sort of record high, Star Entertainment suspended after failing to report financials, REA slumps on takeover talk as it happened --- ...financials%2C-REA-slumps-on-takeover-talk-as-it-happened.md | 3 +++ 1 file changed, 3 insertions(+) create mode 100644 ASX-closes-up-0-2pc-just-sort-of-record-high%2C-Star-Entertainment-suspended-after-failing-to-report-financials%2C-REA-slumps-on-takeover-talk-as-it-happened.md diff --git a/ASX-closes-up-0-2pc-just-sort-of-record-high%2C-Star-Entertainment-suspended-after-failing-to-report-financials%2C-REA-slumps-on-takeover-talk-as-it-happened.md b/ASX-closes-up-0-2pc-just-sort-of-record-high%2C-Star-Entertainment-suspended-after-failing-to-report-financials%2C-REA-slumps-on-takeover-talk-as-it-happened.md new file mode 100644 index 0000000..0c9aea3 --- /dev/null +++ b/ASX-closes-up-0-2pc-just-sort-of-record-high%2C-Star-Entertainment-suspended-after-failing-to-report-financials%2C-REA-slumps-on-takeover-talk-as-it-happened.md @@ -0,0 +1,3 @@ +
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In our view, the NSW government’s issue of the second casino license in Sydney stemmed from underinvestment and underperformance in The Star Sydney, [blackcoin.co](https://blackcoin.co/kangaroo88-casino-a-decade-of-winning-experience/) depriving the state of taxation revenue. Star spent ~$500 million improving its Sydney facilities ahead of Crown Sydney’s opening however it was too little too late. We estimate that 30% of table revenue will be conceded to Crown Sydney within three years of the competitor’s operation. Star Entertainment has returned to its customary position in the loser's column after warning shareholders about the "material uncertainty" of their investment, something they should be all too aware about already. +
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