Star Group not getting the VIP treatment
Star Entertainment (SGR) +5.87%; The casino businesses have had a tough time of late with both Star and Crown getting hit on lower High Roller and Asian market income. Star did manage to turn a difficult revenue number into a reasonable profit line to meet expectations. While no outlook statements were given, the company has noted an increase in VIP visitors but on a lower spend per customer. The strategy aims to earn more per client, however this will largely be dependent on a discretionary spend growth.
Star Entertainment (SGR) Chart
