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.
Place my bets, Star Entertainment Group Ltd - ASX: SGR, page-494
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Last
52.5¢ |
Change
-0.015(2.78%) |
Mkt cap ! $1.491B | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 52.8¢ | 48.5¢ | $7.112M | 13.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 720241 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.5¢ | 85987 | 26 |
View Market Depth
| Last trade - 11.22am 21/05/2024 (20 minute delay) ? |
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Last
51.5¢ |
Change
-0.015 ( 2.92 %) |
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| Open | High | Low | Volume | ||
| 50.0¢ | 52.8¢ | 49.0¢ | 5273295 | ||
| Last updated 11.43am 21/05/2024 ? | |||||
| SGR (ASX) Chart |