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SGR, THE STAR ENTERTAINMENT GROUP
blacksheep
post Posted: Aug 19 2019, 10:40 PM
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Posts: 6,130
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In Reply To: blacksheep's post @ Aug 10 2019, 12:35 PM

Some good news for the embattled casino operators - they've been doing it tough lately sadsmiley02.gif

Berejiklian delivers on a jackpot day for Sydney casinos
QUOTE
Sydney’s two casino giants have hit the jackpot after the Berejiklian government dropped a legal case that threatened Crown Resort’s interests at Barangaroo, and the Premier intervened personally in support of an apartment and hotel tower at The Star casino in Pyrmont.

But Gladys Berejiklian's incursion into the debate about The Star’s proposed $500 million tower has exposed her to criticism that she risks undermining the credibility of the state’s planning system.

https://www.smh.com.au/national/nsw/berejik...819-p52imz.html
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 10 2019, 12:35 PM
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In Reply To: blacksheep's post @ Aug 8 2019, 07:26 PM

The Star casino roped into Crown controversy over links to junkets
By Nick McKenzie, Nick Toscano and Grace Tobin
August 9, 2019 — 11.21pm
QUOTE
An Asian money launderer used a Star Entertainment casino account in Sydney to send more than $400,000 offshore in a transaction tracked by Australian Federal Police investigators

A 2018 report by Hong Kong gambling and racing authorities shows that in January 2012, federal police officers in Sydney identified two alleged money launderers making "a cash deposit of AUD$403,000 into an account at Star Casino in Sydney.".

read more - https://www.smh.com.au/business/companies/t...808-p52fbe.html
https://www.shortman.com.au/stock?q=sgr
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 8 2019, 07:26 PM
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Posts: 6,130
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In Reply To: blacksheep's post @ Jul 31 2019, 07:54 PM

Updated chart
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 31 2019, 07:54 PM
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Posts: 6,130
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May get caught up in the Crown investigation?

QUOTE
Mr Phelan did not name which operators were being examined but his statement raises the possibility that his investigation could include Crown's main domestic rival, Star Entertainment, which owns casinos in Sydney, Brisbane and the Gold Coast.

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 16 2018, 12:42 PM
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In Reply To: blacksheep's post @ Feb 15 2018, 08:14 PM

Market not impressed - SP down 5.37% currently @ $5.725/share

extract from The Age
QUOTE
Australian casino giant Star Entertainment Group's profits have slumped, partly due to an "abnormally low" house win rate against foreign high-roller gamblers.

Star's profits slumped 76.8 per cent in the six months through December, the company announced on Friday, attributing the drop to lower win rates in its "international VIP" division. Earnings were also weighed down by $32 million in significant items including debt-restructuring costs.

But Star said its underlying net profit - which removes the "inherent" volatility of the VIP win rates - had increased by 12 per cent to $120 million.

Chairman John O'Neill said the results showed wealthy foreign gamblers were returning after a dramatic decline in the wake of the arrests of Crown Resorts staff in China in 2016.

"Our international business has returned to activity levels comparable to those before disruption of the North Asian market in October 2016, and been further enhanced by the steps we have taken over the last few years to diversify growth in that line of business," he said.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 15 2018, 08:14 PM
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Posts: 6,130
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In Reply To: blacksheep's post @ Feb 2 2018, 11:34 AM

Some strong buying at the end of the session. SP up 1.34% @ $6.05/share
SGR due to release their 1H2018 financial report tomorrow

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Feb 2 2018, 11:34 AM
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Posts: 6,130
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In Reply To: blacksheep's post @ Dec 18 2017, 10:01 AM

SP rising on no news - other than some political donations to the NSW Liberal party, along with CWN donating to Labour wink.gif - over past few days?

SP up 1.19% @ $6.355/share currently, reaching a new high
https://www.shortman.com.au/stock?q=sgr
https://www.theguardian.com/australia-news/...re-in-australia
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 18 2017, 10:01 AM
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Posts: 6,130
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In Reply To: blacksheep's post @ Nov 8 2017, 11:35 AM

Updated chart - SP nudging the $6.00 mark
https://www.shortman.com.au/stock?q=sgr
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 8 2017, 11:35 AM
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Posts: 6,130
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In Reply To: blacksheep's post @ Oct 27 2017, 09:58 AM

Losing a bit of steam now. SP currently $5.78/share
https://www.shortman.com.au/stock?q=sgr
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 27 2017, 09:58 AM
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Posts: 6,130
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In Reply To: blacksheep's post @ Oct 2 2017, 08:05 PM

Has had a nice run up since previous chart below - now $5.72.

QUOTE
"Growth rates in Star's VIP business exceeded both Crown and (New Zealand operator) Sky and VIP turnover for Star in FY17 exceeded both that of Crown and Sky combined," Mr Bekier said.

http://www.sbs.com.au/news/article/2017/10...ydney-challenge
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QUOTE
THE 2017 FINANCIAL YEAR RESULTS
♦ Statutory NPAT of $264.4 million, up 36.0% on FY2016
♦ Normalised NPAT of $214.5 million, down 11.1% on FY2016
♦ Actual EBITDA of $586.2 million, up 19.9% on FY2016
♦ Normalised EBITDA of $515.1 million, down 7.4% on FY2016
♦ Actual gross revenue of $2,432.2 million, up 3.2% on FY2016
♦ Normalised gross revenue of $2,337.3 million, down 3.9% on FY2016
♦ Basic Earnings Per Share up 36.0% on FY2016
♦ Full year dividend (fully franked) of 16 cents per share declared, reflecting a 50% statutory
NPAT payout ratio, up 23.1% per share from FY2016




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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