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By Savyata Mishra
(Reuters) - Shares of Star Entertainment Group fell to a record on Tuesday, extending losses after the Australian firm warned of an up to A$1.6 billion ($1.11 billion) hit to half-yearly earnings from a proposed casino duty rate hike in New South Wales (NSW).
Australia's second-biggest casino operator has lost about half, or A$1.04 billion, in market value since NSW unveiled the plan on Dec. 19, compounding problems for an industry that has already been dogged by reports of s...
>>> Read more: Star Entertainment shares extend fall on impairment charge warning
(Reuters) - Shares of Star Entertainment Group fell to a record on Tuesday, extending losses after the Australian firm warned of an up to A$1.6 billion ($1.11 billion) hit to half-yearly earnings from a proposed casino duty rate hike in New South Wales (NSW).
Australia's second-biggest casino operator has lost about half, or A$1.04 billion, in market value since NSW unveiled the plan on Dec. 19, compounding problems for an industry that has already been dogged by reports of s...
>>> Read more: Star Entertainment shares extend fall on impairment charge warning
