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Star Entertainment faces plunging revenue, liquidity crisis due to gambling restrictions

Star Entertainment faces plunging revenue, liquidity crisis due to gambling restrictions

Star Entertainment is facing financial and operational challenges, as daily gambling revenue at its Sydney casino plummeted by 15.5% in the wake of cash gambling restrictions. The decline in revenue follows the introduction of carded play requirements and AUD5,000 ($325,600) cash limits in select ar

28like·0comment2024-12-03
From Prosperity to Depression: The 90% Plunge in Macau Casino Stocks Is Just a Snapshot of the Industry, Where Is the Way Forward for Offline Casinos?

From Prosperity to Depression: The 90% Plunge in Macau Casino Stocks Is Just a Snapshot of the Industry, Where Is the Way Forward for Offline Casinos?

SJM Holdings is the oldest casino company in Macau.Its status in the Macau gambling industry is akin to that of SBM's Monte Carlo Casino in Monaco, dominating the regional market; their performance essentially represents the rise and fall of the local gambling industry.Since its stock price peaked i

3like·1comment2024-09-29

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