SGR News: Australia's Star Entertainment flags lower revenue on COVID, regulatory costs - 29th Jul 2022, 10:45am

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(Reuters) - Australia's Star Entertainment Group Ltd said on Friday its annual revenue would dip from year-ago levels, pulled down by long spells of operating restrictions, pandemic-led border closures and high regulatory costs.

The country's no.2 casino operator expects a normalized revenue of A$1.53 billion ($1.07 billion) for fiscal 2022, compared with A$1.55 billion last year.

The company further cautioned that total costs for its mega-project Queen's Wharf Brisbane are expected to shoot a...

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