Star Entertainment said its interim revenue and profit in the six months to end December declined due to a low win rate in its international VIP rebate business. The group reported net profit after tax of A$60 million ($42.6 million), down 37.9 percent on the prior comparable period. Normalized NPAT before items was up 26.1 […]
The Star Entertainment Group, formerly known as Echo Entertainment Group, is undergoing a group-wide renaissance, reshaping its brand identity and revamping its properties to take advantage of a forecast surge in Asian tourism. Group CEO Matt Bekier says he's convinced the next "boom" for Australia will come from tourism and is positioning the brand to benefit.