Good Morning. Found unsuitable, The Star petitions the NSW Casino Commission to be allowed to continue to operate in Sydney. IMF revises the Philippines’ GDP growth. Deutsche Bank forecasts US sports betting at $12.0bn by 2027.
What you need to know
- Star Entertainment, found unsuitable, petitions the NSW Independent Casino Commission to continue to operate in Sydney, in the interim.
- International Monetary Fund projects the real GDP of the nation to grow by 6.5 percent in 2022, which is estimated to slow to 5 percent in 2023.
On the radar
- Star Entertainment prioritizes licenses in NSW and QLD.
- iGaming exposure, GGR, poised for growth in the US: DB
AGB Intelligence
AUSTRALIA
Star Entertainment prioritizes licenses, petitions for Sydney
Forward-looking into 2023, Star Entertainment management’s focus will be on the Remediation and transformation, a strong commitment to demonstrating suitability to hold casino licenses in New South Wales and Queensland. The company just petitioned the NSW Independent Casino Commission to be allowed to continue to operate in Sydney, in the interim. Amidst challenges, regulatory, and manpower crises, among others, the company still aims to achieve a progressive track record in areas of investments in hospitality and tourism assets.
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