ASX SGR: Star Entertainment Group's earnings outlook is a battleground for brokers
The difference in income forecasts between the most bullish and bearish analysts is $157 million for the beleaguered casino outfit.
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The difference in income forecasts between the most bullish and bearish analysts is $157 million for the beleaguered casino outfit.
The S&P/ASX 200 Index fell 0.4 per cent to 7285.4 at the close. Qantas shares fell 6.8 per cent to $6.03. Medibank jumped 6.5 per cent to $3.28.
The casino operator has taken a massive writedown of its Sydney casino and pulled the trigger on an $800 million capital raise to steady the ship.
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The casino operator expects earnings to take a hit thanks to increased competition with Crown Sydney and the overhaul of its business.