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(Reuters) - Shares in Australia's Star Entertainment Group tumbled nearly 12% on Monday, after the New South Wales (NSW) government proposed to raise taxes on casino poker machine operators in the state from July next year.
The potential gaming tax changes, which will affect Star's operations in Sydney - which made up half its revenue in the fiscal 2022, according to its annual report - could raise an additional A$364 million ($243.63 million) over the next three years, if implemented.
The NSW...
>>> Read more: Star Entertainment dives on NSW govt's proposal to reform casino tax rates
The potential gaming tax changes, which will affect Star's operations in Sydney - which made up half its revenue in the fiscal 2022, according to its annual report - could raise an additional A$364 million ($243.63 million) over the next three years, if implemented.
The NSW...
>>> Read more: Star Entertainment dives on NSW govt's proposal to reform casino tax rates
