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Australia’s Star Entertainment keen to operate Sydney casino ‘under supervision’
Entertainment

Australia’s Star Entertainment keen to operate Sydney casino ‘under supervision’

Visitors to Sydney's Star Casino play electronic slot machines, February 15, 2016. REUTERS/Jason Reed/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterSept 27 (Reuters) - Star Entertainment Group (SGR.AX) on Tuesday accepted the findings of an inquiry that stated the casino operator unfit to hold a licence in Sydney, but said it should be permitted to continue operating under "strict supervision".The country's second-biggest casino operator said in a statement that it has developed a remediation plan, outlining actions to address "root-cause failings" mentioned in the inquiry report released earlier this month.Australia's casino sector has faced intense scrutiny over the last three years after Star's larger rival Crown Resorts was found unfit to hold gambling lice...
Amazon may have to tweak proposals for ending business practices probes, EU’s Vestager says
Business

Amazon may have to tweak proposals for ending business practices probes, EU’s Vestager says

Register now for FREE unlimited access to Reuters.comRegisterBRUSSELS, Sept 16 (Reuters) - Amazon (AMZN.O) may have to tweak its proposals to end two investigations into its business practices, EU antitrust chief Margrethe Vestager said on Friday following feedback from third parties on the issue.In July the U.S. online retailer said it would set up a data silo, preventing its retail arm from using data from its marketplace to make competing private label products. read more It will also end preferential treatment for itself and treat sellers equally when ranking their offers for the "buy box" on its website that generates the bulk of its sales.Register now for FREE unlimited access to Reuters.comRegisterVestager had given third parties until Sept. 9 to provide feedback before deciding...
Trump signals he will testify in New York probe into business practices
Business

Trump signals he will testify in New York probe into business practices

Former U.S. President Donald Trump arrives at Trump Tower the day after FBI agents raided his Mar-a-Lago Palm Beach home, in New York City, U.S., August 9, 2022. REUTERS/David 'Dee' DelgadoRegister now for FREE unlimited access to Reuters.comRegisterAug 9 (Reuters) - Former U.S. President Donald Trump indicated he would testify on Wednesday in a New York investigation by the state's attorney general into his family's business practices, with the possible testimony coming amid a flurry of legal woes for him.New York State Attorney General Letitia James is conducting a civil investigation examining whether the Trump Organization inflated real estate values. Trump and two of his adult children, Donald Trump Jr. and Ivanka Trump, have agreed to testify.Trump has denied wrongdoing and called...
Australia’s Star Entertainment flags lower revenue on COVID, regulatory costs
Entertainment

Australia’s Star Entertainment flags lower revenue on COVID, regulatory costs

A tourist poses for pictures at the main sign of The Star Casino, owned by Echo Entertainment, at Pyrmont Bay in Sydney July 4, 2013. REUTERS/Daniel Munoz (AUSTRALIA - Tags: BUSINESS)Register now for FREE unlimited access to Reuters.comRegisterJuly 29 (Reuters) - Australia's Star Entertainment Group Ltd (SGR.AX) said on Friday its annual revenue would dip from year-ago levels, pulled down by long spells of operating restrictions, pandemic-led border closures and high regulatory costs.The country's no.2 casino operator expects a normalized revenue of A$1.53 billion ($1.07 billion) for fiscal 2022, compared with A$1.55 billion last year.The company further cautioned that total costs for its mega-project Queen's Wharf Brisbane are expected to shoot about 10% higher from previous outlook of...