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.
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The Star Entertainment Group boss spent one week reviewing all jobs across the organisation, before finding the 500 positions that would go.
The five largest Industrials stocks aren't currently well-loved by brokers but 2023 could see a turning point for some in the sector.
Analysts expect the NSW casino watchdog to give Star a shot at redemption like rival Crown Resorts, despite Star’s more egregious misconduct.
Regulators may impose severe penalties on The Star for its serious misconduct without going for the nuclear option of cancelling its Sydney licence permanently.
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.