Star Entertainment Group finances plummet $1.26b after money laundering probe

 The Star Entertainment Group has posted a $1.26 billion loss for the first half of the 2023 financial year, driven by fines and major losses at its Sydney casino.

That's compared to a $74 million loss during the same period a year earlier.

Half-yearly financial results, released to the ASX on Thursday, included $1.3 billion in what the company describes as one-off costs, like the expected changes to taxes, $350 million in fines and the expense of ongoing reviews and new systems to fix problems. 

That "one-off" figure could have been much bigger, because the sale of two properties counted against it.

Read More: https://www.abc.net.au/news/2023-02-23/star-casino-finances-plummet-after-money-laundering-probe/102013402




Comments

Post a Comment

Popular posts from this blog

10 Cleaning Habits of Neat People

Image
Having a cleaning routine, cleaning floors daily, doing one load of laundry per day, etc. are habits neat people have to keep their homes free of germs and pollutants. If you want to keep your house clean and ensure everyone remains healthy then please read this article now. It is a n article by professional cleaners in Gold Coast outlining ten habits of neat people that you should know about and develop as well. Please read the article now to learn easy habits such as sweeping and mopping floors daily, not leaving dirty dishes in the sink and much more. To know more, please have a look at this wonderful write-up now. https://www.bondcleaningingoldcoast.com.au/10-cleaning-habits-of-neat-people/
Read more

What will happen with Queensland's border and new vaccination rules in December?

Image
 Changes to Queensland's border restrictions and vaccination mandates are expected in December. There are two key changes to look out for: The border reopening and the vaccination mandate for businesses and venues.  People will be able to enter Queensland when 80 per cent of the Queensland population aged over 16 have had two doses of vaccine — this is expected between December 6 and 12.  Read More: https://www.abc.net.au/news/2021-11-25/explain-queenslands-border-vaccination-rules-december/100647526
Read more

Best Gold Coast Suburbs To Live And Raise a Family

Image
Are you thinking about relocating to the Gold Coast from Sydney or Melbourne to live a peaceful life with your family? If yes, I would recommend you to explore the beautiful suburbs of Gold Coast. Some of the suburbs offer great educational options, job opportunities, housing facilities and much more. Today, I am sharing you an article that helps you find the best suburbs in and around Gold Coast where you live a quality life and raise your family. Make sure you do proper research and prepare your relocation in advance so that you can start a new life at a new place without much hassles. https://www.betterremovalistsgoldcoast.com.au/best-gold-coast-suburbs-to-live-and-raise-a-family/
Read more