The following from SMH.
I wonder if we could be classified as a casino or a gamble? Lol
An entertainment concern definitely.
A big part of the issue below seems to be the drop in share price?
Interesting
What did FMS share price drop on delist ?
Cheers.
“Slater & Gordon launches class action against Star Entertainment
By Lucy Battersby
Slater and Gordon this afternoon filed a class action in the Victorian Supreme Court against Star Entertainment Group, alleging misleading representations about the casino group’s compliance with regulatory obligations.
The case covers investors who have bought shares in the past six years. In that time the share prices has been as high as $6.38, but closed at $3.26 today.
“The detailed 108-page statement of claim outlines that Star has continually held itself out as an ethical and responsible casino operator that complied with its legal and regulatory obligations,” the law firm said in a press release this afternoon.
It cited the 25 per cent drop in the share price in October 2021, following reports Star had “cultivated high-roller players who were allegedly associated with criminal or foreign-influence operations”.
However, the biggest share price drop occurred during the March 2020 rout, when Star’s share price 63 per cent in five days. The stock price still has not recovered to pre-pandemic levels.”
