SGR News: Star Entertainment sees weaker earnings, to cut roles amid worsening operations - 19th Apr 2023, 6:22am

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By Ambar Warrick

Investing.com-- Star Entertainment Group Ltd (ASX:SGR), Australia’s second-largest casino operator, trimmed its fiscal 2023 earnings outlook on Wednesday, while outlining a slew of cost cutting measures, including job cuts, amid a “rapid deterioration” in its operations.

The firm now expects underlying earnings before interest, tax, depreciation and amortization for the year to June 2023 of between A$280 million and A$310 million (A$1= $0.6736), down from its pr...

>>> Read more: Star Entertainment sees weaker earnings, to cut roles amid worsening operations
 
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