The Star Casino, Broadbeach: See 160 reviews, articles, and 21 photos of The Star Casino, ranked No.10 on Tripadvisor among 19 attractions in Broadbeach. A temporary casino was opened in September 1995 on the site of former wharves 12/13, while the permanent casino was being built. Star Sydney hosts a large selection of blackjack, poker, baccarat and more.
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The Star Entertainment Group's shares have plunged nearly 15 per cent after the casino operator flagged a full year earnings dip amid soft economic conditions and continued weakness in VIP spending. Causes of gambling disorder.
The Star told the ASX that domestic growth trends had weakened since the release of its first half results in February, with international VIP spending still more than 30 per cent down on a year ago, and capital works at its flagship Sydney venue also causing disruption.
The Star's full year earnings for 2019 are now expected to be between $550 million and $560 million, as much as $18 million or 3.2 per cent less than last year's $568 million result.
The group said in light of the operating environment it had brought forward 'cost management initiatives' that are expected to save between $40 million and $50 million a year.
'The slowing of domestic growth in 2H FY2019 reflects a combination of more challenging macroeconomic conditions across our markets, lower hold rates on tables games in private gaming rooms and the impact of disruption from capital works at The Star Sydney,' the company said in a release.
Shares in the company fell 14.63 per cent to $3.85 by 1018 AEST on Tuesday, nearly 40 per cent down on the all-time high of $6.395 in February 2018.
The company said it expects to have the cost savings measures in place by the first quarter of FY20.
The Star operates casinos in Sydney, Brisbane and on the Gold Coast.
As a Member of The Star Club, Tier Points are your most valuable asset. They determine your Tier, and unlock benefits and rewards.
About Tier PointsYour on-property currency you can earn and redeem when you play, stay or dine at most of our restaurants and bars.
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Access private gaming rooms and be invited to Member-only events and promotions. Play time is better as a Member of The Star Club.
What's includedStar City Casino Sydney Australia
New years eve casino events near me. Receive exclusive discounts and offers at most restaurant and bars across three properties. It's our treat.
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What's includedEnjoy parking benefits across each of our three properties. It's all part of being a Member of The Star Club.
What's includedStay at any of our luxurious hotels and we'll make sure you get The Star treatment. From discounts, to complimentary hotel nights - you could have it all.
Extend your benefits and let your friends and family in on The Star Club. The hard part is choosing who to invite.
What's includedExperience service like you've never had before. As a VIP Member of The Star Club, you are the priority.
What's includedTake the thrill of the game wherever you go with StarPlay. It's the way to play your favourite games, tournaments, quests and more.
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