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Daily Asia Gaming eBrief: The Star fiscal year loss narrows

Good morning. Losses in the stars. The Star Entertainment Group has reported a net loss of nearly AU$1.69 billion ($1.16 billion) for the fiscal year ending June 30, primarily due to reduced venue valuations in light of challenging trading conditions and regulatory changes. Nearby, SkyCity Entertainment Group has confirmed it has been penalized NZ$4.16 million ($2.6 million) for historical breaches of anti-money laundering and terrorism financing obligations.

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The Star Entertainment, Sydney, Australia_

Regulatory scrutiny continues as The Star announces $1.16B loss

The Star Entertainment Group reported a net loss of nearly AU$1.69 billion (US$1.16 billion) for the fiscal year ending June 30. Although this figure is better than last year’s AU$2.44 billion (US$1.68 billion) loss, the Australian casino operator is still facing cash flow issues and is considering selling some assets to raise funds. The group has been under strong regulatory scrutiny for its corporate governance and has noted a decline in trading performance. 


Corporate Spotlight

Altenar brings premium sportsbook solution to Asia

Altenar brings premium sportsbook solution to Asia

Altenar, a leading sportsbook provider is bringing its global expertise to Asia, looking to expand its operations. Since 2011, Altenar has powered hundreds of online sports betting sites worldwide and is a major B2B provider in Europe and Latin America licensed markets.

1xBet, The most popular gambling games and slots in Asia

For global betting company 1xBet, Asia is a key market for several reasons. This is why 1xBet pays special attention to the Asian market and actively promotes its sports betting platform and the most popular gambling games on the continent.


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AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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