🔥 Fitch: Stable Outlook for Australia Gaming; Slower GDP Growth & Expansion Risks - Reuters

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HALF YEAR RESULTS TO 31 December The Star Entertainment Group Limited will present its financial results for the half year ended 31 December.


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Additional information is available on www. Financial leverage is likely to rise as the two companies execute large projects against the backdrop of weak revenue momentum. United States.{/INSERTKEYS}{/PARAGRAPH} However, the slower economic activity was more evident in Western Australia and Queensland where the two issuers' other properties are located. Crown is expanding and refurbishing its Melbourne and Perth properties. Crown is also likely to incur debt-funded capex to fund the construction of the Crown Sydney and Las Vegas projects. {PARAGRAPH}{INSERTKEYS}The credit profiles of Crown and Star benefit from operating in well-regulated markets and owning portfolios of properties that generate strong operating cash flows. Australia's per capita GDP growth slowed to 0. Directory of sites. The Australian gaming market is driven by domestic customers, which has resulted in a more stable - albeit lower - growth in casino expenditure than Asia-Pacific's largest gaming centre, Macao. Star is incurring substantial capex on its Gold Coast property, and has won the Queens Wharf Brisbane bid. Credit ratings information published by Fitch is not intended to be used by persons who are retail clients within the meaning of the Corporations Act Discover Thomson Reuters. However, the impact of this slowdown was not uniform across all states.