Pun­ters shy

Mercury (Hobart) - - BUSINESS -

THE Star En­ter­tain­ment Group’s shares have plunged af­ter the casino operator flagged a dip in full-year earn­ings amid soft eco­nomic con­di­tions and con­tin­ued weakness in spend­ing by high rollers. In a state­ment yes­ter­day, The Star group said do­mes­tic growth had weak­ened since the re­lease of first-half re­sults in Fe­bru­ary. It ex­pected earn­ings be­fore in­ter­est, tax, de­pre­ci­a­tion and amor­ti­sa­tion to be from $550 to $560 mil­lion for the year to June. That would be as much as $18 mil­lion, or 3.2 per cent, less than last year’s $568 mil­lion.

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