What happened to Star Entertainment (SGR) shares today?
SGR -17.83%: Was hit today following changes to taxation in NSW that seemed to blindside SGR with the company saying that no details have been made available in relation to the potential reforms including as to how the taxes would be levied or applied at this stage. They went on to say there had been no consultation from the New South Wales Government and they were seeking to urgently engage with the NSW Government as to the sustainability of the proposed tax changes and the impact on its business . They say it is too early and there are simply too few details to ascertain the potential impact of the proposed changes.
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