ASX SGR: Star CEO Cooke bites the bullet on job cuts, redundancies fly
The Star Entertainment Group boss spent one week reviewing all jobs across the organisation, before finding the 500 positions that would go.
Source: afr.com
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ASX Industrials: Broker views and a fund manager's top sector picks
The five largest Industrials stocks aren't currently well-loved by brokers but 2023 could see a turning point for some in the sector.
Source: livewiremarkets.com
Why analysts are backing Star
Analysts expect the NSW casino watchdog to give Star a shot at redemption like rival Crown Resorts, despite Star’s more egregious misconduct.
New South Wales Gold Coast Morningstar Angus Hewitt David Fabris Philip Crawford Darshana Nair Syama
Source: afr.com
Star casino inquiry: 11 days until Sydney gambling giant's date with destiny
Regulators may impose severe penalties on The Star for its serious misconduct without going for the nuclear option of cancelling its Sydney licence permanently.
Source: afr.com
Crown licence victory puts sector back in favour
Crown Resorts’ retention of its prized Victorian casino licence despite years of egregious legal and moral breaches has emboldened investors in the beaten-down sector, and could reignite take over interest in the gambling giant.
Source: smh.com.au