Morningstar - Star Entertainment Group Limited (SGR) Large-scale capital projects are on the horizon for The Star Entertainment in Sydney and Queensland.

Report

Morningstar

Ravi Reddy

EUR 101.80 For Business Accounts Only

Large-scale capital projects are on the horizon for The Star Entertainment in Sydney and Queensland.

Star Entertainment gave a mixed trading update for the period 1 July to 22 October 2016. Normalised group revenue was down 2% year on year. Domestic revenue (excluding international VIP play) was flat on the previous corresponding period, or pcp. Domestic revenue was impacted by greater-than-expected disruption and delays from building works at Sydney and the Gold Coast, and a much lower win rate in private gaming room table games of 15.9% versus 17.2% in the pcp. Commentary indicated there may ...

16/02/2017 13 EN

Underlying

Star Entertainment Group Limited

Star Entertainment Group is a resort company, engaged in gaming, entertainment and hospitality. Co. owns and operates The Star Sydney, Treasury Casino and Hotel, Brisbane and Jupiters Hotel and Casino, Gold Coast. Co. also manages the Gold Coast Convention and Exhibition Centre on behalf of the Queensland Government. Co. segments include: The Star Sydney, which comprises the Star Sydney's casino operations, including hotels, apartment complex, restaurants, bars and night club; Gold Coast, which comprises Jupiters' casino operations, including hotel, theatre, restaurants and bars; and Treasury Brisbane, which comprises Treasury's casino operations, including hotel, restaurants and bars.

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AU000000SGR6 Australian Securities Exchange Australia

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Ravi Reddy

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Large-scale capital projects are on the horizon for The Star Entertainment in Sydney and Queensland.

The Star Entertainment Group Ltd: 1 director

Monthly LMI Update Independent Investment Research

With a more favourable environment, STAR ENTERTAINMENT improves to Slightly Positive

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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