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(Reuters) - Casino operator Star Entertainment Group said on Thursday it was looking to raise A$800 million ($544.24 million), even as the embattled firm tries to recover from regulatory concerns and impairment charges.
Star, which is reeling under a slew of government probes, COVID-19 curbs and three class actions, had recently flagged an impairment hit of up to A$1.6 billion to its first-half earnings as a direct impact of proposed tax rate hikes on casinos in New South Wales, which are likel...
>>> Read more: Star to raise $544.24 million in equity amid regulatory uncertainties
Star, which is reeling under a slew of government probes, COVID-19 curbs and three class actions, had recently flagged an impairment hit of up to A$1.6 billion to its first-half earnings as a direct impact of proposed tax rate hikes on casinos in New South Wales, which are likel...
>>> Read more: Star to raise $544.24 million in equity amid regulatory uncertainties
