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Star Casino is in a trading halt, but can a casino go broke?
Description
Casinos are usually synonymous with high rollers and high stakes. But running a business of the size and scale of a casino comes with big risks and big expenses – despite having a possibly never-ending stream of clientele addicted to participating in what you’re selling.
The Star Entertainment Group – who operate casinos in Sydney, Brisbane and the Gold Coast – entered a trading halt, minutes before the Australian share market opened today, after failing to post its half-year financial results.
On this catch-up episode of The Briefing, gambling expert and associate professor at Monash University Charles Livingstone joins Chris Spyrou to explain how we got here.
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