“I wouldn’t be buying it unless I thought it was good value. I like the assets of the company, I like the industry and I just think it’s something that [as] a long-term holding for my family will be great.”
Star’s stock value has experienced a rapid decline in recent years, dropping from a peak of $5.43 in March 2018 to AU$1.28 on February 14th of this year. However, as of Thursday, it closed at $1.50.
Pokie Magnate Bruce Mathieson Becomes Star Group's Largest Shareholder (€64 million) for license breaches that included allowing money laundering to take place at its Sydney casino. Pokie Magnate Bruce Mathieson Becomes Star Group's Largest ShareholderMathieson, who is worth approximately AU$3.7 billion, oversees pokie machine and pub empire Australian Liquor and Hospitality (ALH) jointly with the supermarket chain Woolworths. ALH is the largest pokie machine operator in Australia.
Image credit: llee_wu / CC BY-ND 2.0
Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.