Star Casino Sydney Share Price
- The Star Casino 80 Pyrmont Street, Sydney, New South Wales Stats Table games: 140 Gaming machines: 1490 Poker tables: 34 24/7: Yes Parking: Yes Valet: Yes Casino sq/ft: 104,450 sq/ft Convention sq/ft: – Amenities Poker Room: The Star Casino Hotels: The Darling at the Star, Astral Tower and Residences at The Star.
- The Star Sydney (formerly Star City Casino and prior to that, Sydney Harbour Casino) in Pyrmont, Sydney, is the second largest casino in Australia after Melbourne's Crown Casino.Overlooking Darling Harbour, The Star, owned by Star.
- The owners of The Star casino have lost their bid to build a $529 million tower on Sydney's waterfront after a planning commission ruled it would be 'overly obtrusive' to the city skyline.
- Find the latest STAR ENT FPO (SGR.AX) stock quote, history, news and other vital information to help you with your stock trading and investing.
The Star Entertainment Group's shares have plunged nearly 15 per cent after the casino operator flagged a full year earnings dip amid soft economic conditions and continued weakness in VIP spending.
How has Star Entertainment Group's share price performed over time and what events caused price changes? Chief Casino Officer (NSW) 6.25yrs: AU$1.72m: 0.031% A$. Sydney, Gold Coast, and Brisbane. It owns and operates The Star Sydney, The Star.
The Star told the ASX that domestic growth trends had weakened since the release of its first half results in February, with international VIP spending still more than 30 per cent down on a year ago, and capital works at its flagship Sydney venue also causing disruption.
The Star's full year earnings for 2019 are now expected to be between $550 million and $560 million, as much as $18 million or 3.2 per cent less than last year's $568 million result.
The group said in light of the operating environment it had brought forward 'cost management initiatives' that are expected to save between $40 million and $50 million a year.
'The slowing of domestic growth in 2H FY2019 reflects a combination of more challenging macroeconomic conditions across our markets, lower hold rates on tables games in private gaming rooms and the impact of disruption from capital works at The Star Sydney,' the company said in a release.
Shares in the company fell 14.63 per cent to $3.85 by 1018 AEST on Tuesday, nearly 40 per cent down on the all-time high of $6.395 in February 2018.
The company said it expects to have the cost savings measures in place by the first quarter of FY20.
The Star operates casinos in Sydney, Brisbane and on the Gold Coast.
Star Sydney Casino
The Star is one of the most luxurious casinos within Australia, based in Sydney, New South Wales. Based along the beautiful Pyrmont waterfront, it is a must see destination for gambling aficionados visiting Sydney, combining premium gaming within a stunning hotel boasting decadent restaurants, lively bars and a vibrant nightlife.
The Star – history
Formerly known as Star City and Sydney Harbour Casino, The Star is the second largest casino in Australia behind the Crown Casino in Melbourne.
Plans for the casino originated back in 1994 when a consortium of Leighton Properties and Showboat was announced as being the successful applicant for the state’s first casino licence. A temporary casino was opened in September 1995 on the site of former wharves 12/13, while the permanent casino was being built.
The casino which stands today opened its doors in November 1997 under the ownership of Tabcorp. In 2009, works estimated at $475 million were announced which included the re-orientation of the casino towards Darling Harbour with a new entrance and drop off zone. These works were completed in late 2012, and were said to have cost $961 million.
A demerger of the Echo Entertainment Group Limited from Tabcorp was implemented in June 2011, with the former set to be in charge of Tabcorp’s hotel and casino division in order to allow both companies to flourish. In 2015, the Echo Entertainment Group was re-branded as the Star Entertainment Group.
In 2016, The Star has announced further re-development plans to enhance the site, including a $130 million refurbishment of Astral Tower and Residences as well as new places to play within the hotel and a range of stylish new bars and restaurants.
What casino games are on offer at The Star?
Star City Casino Sydney Australia
There is a wide variety of games on offer at The Star, with something to suit everyone’s desires. The gaming floor is over 100,000 square feet and boasts close to 1,500 electronic gaming machines, ranging from your basic reel games right through to the more interactive, skill based slots.
You can also enjoy a range of exciting table games such as:
- Baccarat
- Baida Mahjong
- Blackjack
- Blackjack Challenge
- Craps
- No Limit Hold’em poker
- Pot Limit Omaha poker
- Pontoon
- Roulette
- Sic Bo
- Traditional Mahjong
- Vegas Star Roulette
- Vegas Star Blackjack
You can also head towards The Star’s dedicated TAB area to bet on a racing or sporting event of your choice.
VIP gaming experiences at The Star
The newly refurbished private gaming areas open up a whole new world of gaming and sophistication for VIP players.
The Oasis (level two) and Sovereign (level three) offer Gold Members and Higher the premium experience. Whether you feel like fine dining at your fingertips or the luxury of the exclusive relaxation lounges, you will be treated like a King or Queen at The Star.
The private gaming rooms at The Star are by invitation only, with an application form for membership as an International, Interstate or local member available from the casino.
The Star’s Tournaments
The Star has a large amount of tournaments and special draws in order to give patrons the optimum gaming experience. They include:
Members Cash Draw: All Star Club members get the chance to win $10,000 every Wednesday throughout November and December.
Monday night turbo tournaments: Every Monday night, Star Club members can take part in an exciting Poker tournament, with a $220 buy in and 20 minute blinds.
Weekly Wednesday: Another poker tournament run each Wednesday at 6:15pm. This is a tournament for high stakes players with a $330 buy in.
You can also head to The Star for a couple of more relaxed games, such as Bingo, which is held on Tuesdays and Thursdays at 11am, 2pm and 5pm.
Other facilities at The Star
Aside from the casino, patrons can also experience the decadence of The Star’s luxury hotels and spa. There are multiple hotel rooms, apartments, suites and penthouses available within the hotels names The Darling, Astral Tower and Astral Residences.
You can also enjoy fine dining at The Star, featuring cuisines from Japan, Italy and China, while there are also several casual options offering pub and Asian classics, wood-fire pizza and a premier buffet.
Feel like hitting the town? The Star is your one stop destination, featuring a variety of sophisticated bars and lounges as well as a sports bar and nightclub-inspired dance rooms.
Star Casino Sydney Share Price London Stock Exchange
Finally, you can also treat yourself at The Star with a variety of gifts available through the site’s luxury shopping destination, with big-name brands such as Gucci, Calvin Klein and Chanel all available within the atrium on ground level.