Australia’s Star Entertainment Swings To An Annual Loss

Australia's Star Entertainment Swings To An Annual Loss

(Reuters) – Australian casino operator Star Entertainment Group swung to an annual loss on Monday, hurt by long spells of COVID-19-led property and border closures, regulatory reviews and compliance costs.

The country’s second biggest casino operator said its net loss after tax attributable was A$198.6 million ($136.48) million, compared with a profit of A$57.9 million last year.

($1 = 1.4552 Australian dollars)

(Reporting by Roushni Nair and Jaskiran Singh in Bengaluru; editing by Diane Craft)