(Reuters) - Australian casino operator Star Entertainment Group said domestic punters gambled record amounts at its casinos in the full year, sending its shares up 6% on Friday, but underlying profit fell due to dwindling foreign wagers, mainly from China.
The Sydney-based firm reported a 5.4% jump in annual domestic core earnings, undeterred by a cooling economy and sluggish spending in Australia.
Star’s gross domestic revenue of A$1.93 billion ($1.31 billion) accounted for nearly 90% of its total net revenue of A$2.16 billion.
In a separate statement, the casino operator said its Chief Financial ...
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