Star shares rebound on returned electronic gaming
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More news: The Star's share prices were up 2% to $0.50 by 12:24 pm, following the news that it has resumed its electronic gaming services after resolving a system error.
The issue forced the company to suspend electronic gaming in its three properties on Friday.
Star Entertainment electronic gaming back online
The news: Star Entertainment Group has announced that all electronic gaming machines (EGMs) and electronic table games (ETGs) in its three properties have been turned back on and are operational.
The numbers: Shares in the company tumbled earlier this week after it suspended its electronic gaming operations amid performance issues identified following a system upgrade intended to improve the company's transition to cashless gaming.
The context: Star said the systemic performance issues have been rectified, and all EGMs and ETGs in each of three properties in Sydney, Gold Coast and Brisbane have progressively been turned back on.
Star's shares have plunged by nearly 50% over the last 12 months amid a shrinking premium gaming market and regulatory troubles, including a second NSW inquiry into the flagship Sydney casino’s suitability to hold a gaming licence. The final report is due 31 July.
What they said: "As previously announced, the decision to turn off all EGMs and ETGs was to ensure compliance with relevant regulations, and to maintain the company’s commitment to safer gambling procedures," it said.
The source: ASX announcement
