SGR Stock Price and Chart ASX:SGR

The court was told the board and executives were “incurious and complacent” about alleged criminal activity and money-laundering, BetCity cyber threats with wads of cash delivered in a blue Esky and in paper bags to a private Australian gambling tips room. In the first days of hearings, ASIC told the court the board had been given evidence of money-laundering risks from high-rollers with ties to criminal organisations, but that those warnings were ignored. Half year disclosure of $195 million to $205 million and full fiscal year projections range between $330 million to $360 million. The double whammy of competition and expenses is driving the share price lower. With the looming state election coming in March 2023, the incumbent Liberal party is determined to stamp its authority in clipping the wings of gambling organisations.
The company has taken an appropriate approach to shareholder distributions with the suspension of dividends during the pandemic. The remains their intention until suitable providing it remains within its target leverage range at the time. The gaming sector carries a set of constant risks including tax increases, ESG risks, and heightened regulatory scrutiny. Boosted by new developments in Queensland and a recovery from current headwinds, we project a 5% annual revenue growth for the five years ending fiscal 2029.
United Workers Union regulated Australian casinos director Andrew Jones said the union had been supportive of the Star Brisbane through many of its hurdles. The deal has left employees with questions about the future of their jobs in the precinct. “At the core of the issue is the transfer of a major casino licence to a new ownership structure,” he said. In exchange, Star would receive a $53 million cash injection and stakes in Gold Coast hotels near its casino there. A Queensland government spokesperson says the deal is subject to government approval.
Oxfam’s latest inequality report has found the world’s top 10 richest people (all men) made a whopping $150 million a day last year. The gains were largely across the board with 128 companies making gains, 65 losing ground and 7 going nowhere from Friday’s close. The company drew down the first $100 million of a new loan facility in early December, but has raised concerns about its ability to meet the conditions required to access a further $100 million. Just a quick update on the waxing and waning fortunes of Donald and Spinstralia withdrawals Melania Trump and their recently launched meme coins we’ve been following today. Oxfam Australia is calling on the federal government to introduce a wealth tax of between 2 and 5 per cent on the super-rich.
ASX 200 investors are bidding up the Star Casino share price after the embattled company announced a major divestment. The Star casino in Sydney is the company’s core asset and historically generated approximately most of group earnings as the city’s only casino. However, Star’s exclusivity in Sydney has come to an end with a second Sydney Roo Casino privacy policy license issued to Crown Resorts, opening in August 2022. This is a major blow to Star, ending its long-standing monopoly in Sydney. The fiscal 2024 collapse in earnings was considerably worse than estimated and development costs are set to be higher than anticipated.
In the tariff space, steelmaker Bluescope is up 2.2% thanks to its big US manufacturing business, while US-based Alcoa’s depository notes are up 0.3%. At this stage, the first day of a six-week hearing, there is no likelihood of this session being turned into a blockbuster film. Bags of $50 notes tied with elastic bands, hiding from CCTV cameras, and cheques made out in cash are just some of the tactics the regulator alleges former directors and executives enabled. J.P. Morgan analyst Don Carducci said a key disappointment was the North American business where sales guidance was lowered from “good” to “solid”. “There are some reports that suggest that in Australia alone, there are more than 6 million assets that will be needing to transfer from Windows 10 to Windows 11 before the deadline of October. Every year, Greenbox processes millions of discarded computers and other e-waste from large companies, government departments and agencies.