Short term sugar hits to the upside or down, who knows but with recent US Private Equity interest and Hard Rock announcing the demolition yesterday of the Mirage Casino in Las Vegas ( bigger and better) and Star in the process of completing QW and Star City: renovations ( impressive), it would seem, others see opportunity.
Its a tough time for most Casino Operators as a article 22/4/24 AFR " Sky City financial and strategic underperformance would be the subject of harsh scrutiny and void upset from investors"
Australian 29/4/24
"Crown Resorts will slash up to 1000 jobs after a sharp drop in tourists as well as gaming restrictions at it's properties in Sydney and Melbourne"
It's not a inclusive club where Star is the only Casino going through soft trading conditions and it's not rocket science that's it's undervalued ( $751 CR/ refinancing etc is the game changer - from SGR Investors) that sees so much interest from Hard Rock to Bain a Co etc.
Place my bets, Star Entertainment Group Ltd - ASX: SGR, page-711
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51.5¢ |
Change
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Mkt cap ! $1.477B | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 52.5¢ | 51.0¢ | $2.763M | 5.386M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 79420 | 51.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 51.5¢ | 300829 | 2 |
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| SGR (ASX) Chart |