Star Entertainment Group Warned to Pay up A$1.6 billion

Star Entertainment Group, a famous casino from Australia, must pay A$1.6 billion, or US$1.11 billion. The casino was warned on Monday, and the charge refers to New South Wales’ first-half revenue from a casino duty hike. The company’s shares fell over 22%, making it the lowest-ever revenue of Star Entertainment Group.

The impact of proposed tax rate hikes will have a great impact on the New South Wales casinos. However, the underlying reason is completely unde
 
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