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45.0¢ the star entertainment group limited

Place my bets, Star Entertainment Group Ltd - ASX: SGR, page-498

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Tren1

1,731 Posts.

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14/02/24

15:22

Post #: 72404809
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Originally posted by Abouttime789: ↑

Money is coming in, but they are HEAVILY regulated. it seems a lot of people underestimate how much regulation is inhibiting trade at TSEG. It is simply massive. Customers are literally having to do police level type checks just to be able to gamble. It is insane.

It is not the same business it was in 2019 when they were pulling in 200m NPAT.

Their revenue is down from those days and their costs are up. That is the reality of it.

We will not see any meaningful NPAT until QWF is Open and TSEG get their licences back so they can operate on their own.

There is going to be a real told ya so moment for these people expecting some type of goldilocks results.

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I don't think the market is expecting any sort of goldilocks result by the looks of the SP tbh?

SGR Price at posting: 53.5¢ Sentiment: Buy Disclosure: Held
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