Investing in the stock market is not gambling. Equating the stock market to gambling is a myth that is simply not true. Both involve risk and each looks to maximize profit, but investing is not gambling. And, gambling is not investing.
Is Star buying a crown?
The Star Entertainment Group Limited has withdrawn its $12 billion merger proposal with beleaguered rival Crown Resorts, citing the uncertainty over the James Packer-controlled firm retaining its casino licences in the wake of royal commissions in Victoria and Western Australia.
Who owns the casinos in Australia?
Today, six companies own Australia’s 13 casinos. In NSW and Queensland, Tabcorp Group owns Star City Casino in Sydney, along with Conrad Treasury in Brisbane, Conrad Jupiters Gold Coast and Jupiters Townsville. Crown Limited owns Crown Melbourne and the Burswood Entertainment Complex in Perth.
How much money does the Star casino make?
The $4.9 billion Star Entertainment Group, listed on the ASX, is Australia’s second-biggest casino company, operating casinos in Sydney, Brisbane and the Gold Coast. At its flagship casino in Sydney, normalised gross revenue increased 17.5 per cent to $1.9 billion.