Stellantis Q2 Vehicle Shipments Rise 10% as North America Drives Growth 
Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
Stripe, Advent Offer $53 Billion Deal to Acquire PayPal: Reuters 
SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing 
DBS Targets S$1 Trillion Wealth AUM by 2030 Amid Asia Wealth Boom 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
Richemont Q1 Sales Beat Forecast as Cartier Demand Drives Strong Growth 
Deutsche Bank Fined A$2 Million by ASIC Over OTC Derivatives Reporting Errors 
TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings 
UBS Starts CarTrade Tech With Buy Rating, Sees Strong Earnings Growth and ₹4,000 Target 
BHP Faces Major Port Hedland Strike as Labor Talks Stall Ahead of Production Report 
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws 
SEB Q2 Profit Rises on Strong Lending, Record Fee Income, Announces New Share Buyback 
Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
DOJ Grand Jury Investigates UAW President Shawn Fain Ahead of Union Election 
Australian casino operator Star Entertainment Group reported a narrower first-quarter loss, supported by improved performance across its operations, even as investor concerns about its financial stability persist. For the three months ended September 30, the company posted a loss before interest, taxes, depreciation, and amortization (EBITDA) of A$13 million ($8.45 million), a notable improvement from the A$27 million loss recorded in the previous quarter. Following the announcement, Star’s shares rose 3.4% to A$0.091 as of 0030 GMT.
The company credited stabilised trading in Sydney, stronger seasonal volumes on the Gold Coast, and an increased operator fee from The Star Brisbane for the improved results. However, Star Sydney’s trading levels remain historically low, reflecting ongoing operational headwinds. The casino giant highlighted the impact of mandatory carded play, cash limits in New South Wales, and stricter regulatory requirements across its properties as key factors constraining performance.
Adding to its challenges, Star Entertainment warned that the pending judgment from the Australian Transaction Reports and Analysis Centre (AUSTRAC) could significantly affect its capital management strategy. The financial crimes regulator launched a civil lawsuit in 2022, alleging non-compliance with anti-money laundering and counter-terrorism financing laws. Reports suggest AUSTRAC may seek a penalty of around A$400 million, further straining the company’s already fragile financial position.
Over recent years, Star has been rocked by multiple regulatory investigations involving allegations of money laundering and corporate misconduct. Despite receiving temporary loan packages and covenant waivers to avert bankruptcy, the group’s liquid cash reserves fell to A$168 million at the end of September, down from A$234 million three months earlier. The embattled casino operator continues to battle for survival amid intensifying financial and regulatory pressures.
