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November 23 - According to sources, the White House recently proposed airdropping leaflets into Caracas, the Venezuelan capital, as a psychological warfare operation to increase pressure on Venezuelan President Maduro. The operation is likely to be carried out this Sunday, Maduros birthday.November 23 – Several U.S. officials recently stated that the United States is preparing to launch a new round of actions related to Venezuela in the coming days. The timing and scope of these actions are currently unclear, as is whether President Trump has made a final decision regarding them. Some U.S. officials stated that options under consideration include attempting to overthrow the Maduro regime.On November 23, the Russian Ministry of Defense released a battle report on the 22nd, stating that the 51st Armys assault troops continued their offensive in a settlement east of Red Army City (Pokrovsk in Ukrainian terms), capturing 22 buildings in one day. Assault forces from the Russian "Eastern" Group of Forces seized the settlement of Novozporizhzhia in the Zaporizhzhia region. Furthermore, Russian forces also controlled Zvanovka in the Donetsk region. The General Staff of the Ukrainian Armed Forces stated that the Ukrainian Air Force, missile units, and artillery attacked a Russian personnel assembly area and a key target. Ukrainian forces repelled six Russian attacks in the Kupyansk direction and 23 Russian attacks in the Leman direction. Ukrainian special forces claimed to have shot down a Russian Mi-8 helicopter using a drone in the Rostov region of Russia.US officials: Russia will not attend the Geneva talks, but the US plans to meet with Russia soon.U.S. officials: U.S. Army Secretary Daniel Driscoll has arrived in Geneva, and the Ukrainian delegation will arrive tonight.

After A Record Loss, Star Entertainment Raises $545 Million And Suspends Dividends

Skylar Williams

Feb 23, 2023 13:54

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Star Entertainment Group Ltd. announced that it would raise A$800 million ($545 million) to repay debt and suspend dividend payments, as it reported a record statutory loss for the first half of the year due to challenging business conditions in Sydney.


Star, Australia's second-largest casino operator, has seen its profits eroded by regulatory restrictions on its Sydney operations beginning in mid-September and intense competition from larger competitor Crown Resort, which began operations in Sydney in August.


The capital raising, which consists of a A$685 million 3-for-5 rights offer and a A$115 million institutional placement, will enable Star to repay debt and increase liquidity, the company announced Thursday. End of 2022, it had a net debt of A$1.11 billion.


Capital-raising shares are being sold at $1.20 each, which is 21% below Star's most recent closing price of $1.50.


Star stated that major shareholders Chow Tai Fook Enterprises and Far East Consortium have exercised their rights and committed $80 million to the capital raise.


Star reported a record statutory net loss after tax of A$1.26 billion for the six months ended December 31, compared to a loss of A$74,2 million a year earlier.


Star had previously warned of an impairment charge of up to A$1.6 billion in the first half as a result of a proposal by the New South Wales government to increase taxes on casino poker machine operators. Sydney is the state's capital.


Tax resolution with the New South Wales government remains the most important catalyst for investors, according to Jefferies analysts.


In the first half, the casino operator wrote down the goodwill of its Sydney casino from A$851 million to zero.


In an effort to reduce its debt, the company announced it would suspend dividend payments, and its casino licences were in full operation.


The company posted a normalised nett profit after taxes of $43,6 million, compared to A$73,7 million in losses in the prior year.


Thursday is a trading suspension for Star shares while the capital raise is in progress.