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Investment
2 mins to read

Star shares sink 50% after suspension on A$1.68b loss

Chief executive Steve McCann, who took the job in June, says ASX-listed casino operator is ‘on its knees’.

Star has a market capitalisation of A$5b in 2018, and this sunk to about A$700m today.

Lachlan Colquhoun Fri, 27 Sep 2024

Shares in embattled Australian casino operator Star Entertainment plunged by more than 50% at one point today as the stock resumed trading on the ASX after reporting a full-year loss of A$1.68 billion ($1.83b).

Star has been suspended from trading since September 2 after failing to lodge its annual

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Lachlan Colquhoun Fri, 27 Sep 2024
Contact the Writer: lachlan@nbr.co.nz
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Star casino offered A$150m loan, but it may not be enough
Investment

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Underarm

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Star shares sink 50% after suspension on A$1.68b loss
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