One of Australia’s largest casino operators, The Star Entertainment Group (ASX:SGR) has reported a 77 per cent dive in profits in the six months to December to $33 million.
The drop has been attributed to lower win rates in its ‘international VIP’ division and debt restructuring costs.
Its earnings before interest and tax (EBIT) fell 34 percent to $200 million.
The company declared total an interim dividend of 7.5 cents per share, fully franked.
Its shares (ASX:SGR) are trading 6.03 per cent lower at $5.69