The Star Entertainment Group (ASX:SGR) stand down 90% of their employees

Company News

by Rachael Jones

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$1.940 -$0.045 -2.27%
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Last Updated: 30/03/2020 2:12 PM

The Star Entertainment Group (ASX:SGR) are in the process of temporarily standing down over 90 per cent of their approximately 9,000 employees.

Gaming facilities in Sydney, the Gold Coast and Brisbane stopped earlier this week along with the closure of food and beverage, banqueting and conferencing offerings with the limited exception of in-room dining services for hotel guests.

The shutdown of the casino properties will have a material impact on The Star’s operations.

The Star Entertainment Group (ASX:SGR) trading 0.3 per cent lower at $1.61.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.