Star Entertainment Group finances plummet $1.26b after money laundering probe

 The Star Entertainment Group has posted a $1.26 billion loss for the first half of the 2023 financial year, driven by fines and major losses at its Sydney casino.

That's compared to a $74 million loss during the same period a year earlier.

Half-yearly financial results, released to the ASX on Thursday, included $1.3 billion in what the company describes as one-off costs, like the expected changes to taxes, $350 million in fines and the expense of ongoing reviews and new systems to fix problems. 

That "one-off" figure could have been much bigger, because the sale of two properties counted against it.

Read More: https://www.abc.net.au/news/2023-02-23/star-casino-finances-plummet-after-money-laundering-probe/102013402



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