Latest news with #Star
Yahoo
38 minutes ago
- Business
- Yahoo
Star Entertainment posts wider loss as regulatory squeeze, carded play weigh
(Reuters) -Australia's Star Entertainment on Wednesday reported a deeper quarterly loss sequentially, underscoring the prolonged pressure on the casino operator from regulatory crackdowns and the shift to mandatory carded play. The embattled gaming group posted a fourth-quarter loss before interest, taxes, depreciation, and amortization of A$27 million ($17.58 million), compared with a loss of A$24 million in the prior quarter. Star has been reeling from a series of regulatory inquiries into alleged breaches of anti-money laundering and counter-terrorism laws, coupled with a broader downturn in gaming revenue. A recent move by the New South Wales government to ban cash transactions in casinos — though not in pubs and clubs — has further impacted the company's earnings potential. The broader casino sector in Australia has yet to recover from the lasting effects of COVID-era lockdowns, border closures and now rising interest costs. Star, in particular, has endured years of instability — marked by two Bell inquiries, the departure of its CEO and chairman, and a near-collapse that required urgent capital support. On Wednesday, the company confirmed that its Sydney casino licence remains suspended. It plans to make a formal submission to the New South Wales Independent Casino Commission on August 31 as part of efforts to regain regulatory approval. ($1 = 1.5356 Australian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
40 minutes ago
- Business
- Reuters
Star Entertainment posts wider loss as regulatory squeeze, carded play weigh
July 30 (Reuters) - Australia's Star Entertainment ( opens new tab on Wednesday reported a deeper quarterly loss sequentially, underscoring the prolonged pressure on the casino operator from regulatory crackdowns and the shift to mandatory carded play. The embattled gaming group posted a fourth-quarter loss before interest, taxes, depreciation, and amortization of A$27 million ($17.58 million), compared with a loss of A$24 million in the prior quarter. Star has been reeling from a series of regulatory inquiries into alleged breaches of anti-money laundering and counter-terrorism laws, coupled with a broader downturn in gaming revenue. A recent move by the New South Wales government to ban cash transactions in casinos — though not in pubs and clubs — has further impacted the company's earnings potential. The broader casino sector in Australia has yet to recover from the lasting effects of COVID-era lockdowns, border closures and now rising interest costs. Star, in particular, has endured years of instability — marked by two Bell inquiries, the departure of its CEO and chairman, and a near-collapse that required urgent capital support. On Wednesday, the company confirmed that its Sydney casino licence remains suspended. It plans to make a formal submission to the New South Wales Independent Casino Commission on August 31 as part of efforts to regain regulatory approval. ($1 = 1.5356 Australian dollars)
Hamilton Spectator
3 hours ago
- Business
- Hamilton Spectator
Canada seeks tariff exemptions as Donald Trump demands ‘completely open markets'
OTTAWA — U.S. President Donald Trump will accept nothing short of 'completely open markets' to American goods in other countries, his commerce secretary said Tuesday, as uncertainty continues over whether Canada and a host of nations can reach agreements with the United States before Trump's latest threatened tariffs are supposed to kick in Friday. The statement comes as Canada's cabinet point-person on U.S. trade talks, Dominic LeBlanc, travels to Washington for the second time in recent days for what Prime Minister Mark Carney described Monday as an 'intense' phase of negotiations before this week's deadline. Speaking Tuesday on U.S. television network CNBC, Commerce Secretary Howard Lutnick said Trump is ready to impose his threatened tariffs and 'move on' unless deals are reached by Friday. Lutnick also said the U.S. has rejected offers from several countries, which he didn't name, that fall short of the access Trump wants for American exports. 'Many, many countries had made us OK offers to open their markets — you know, 50 per cent, 30 per cent … The president said, 'No, no. I want them open,'' said Lutnick. 'So now the price of a deal with the United States of America is black and white: completely open markets.' Trump has argued that the U.S. needs tariffs to wrest manufacturing and investment from other countries, and to correct unfair balances where the U.S. buys more from other countries than it sells to them. In Canada's case, Trump has complained about limits to dairy imports, a digital services tax that Carney has since cancelled, and concerns about fentanyl, border security and the number of U.S. banks operating in Canada. Last week, Trump described the talks with Canada as 'not really a negotiation' and suggested Canada could simply face tariffs set unilaterally in Washington. Carney later told reporters in Prince Edward Island that talks with the U.S. have been 'difficult' because Ottawa's negotiators are 'fighting for Canada.' On Tuesday, sources who spoke to the Star on the condition that they were not identified because they are not authorized to speak about the negotiations said the talks are challenging because any progress that is made vanishes the next day when the Americans appear to change their minds. There is sense from those at the table that the U.S. isn't able to convey its specific objectives to the Canadians on a consistent basis, said one frustrated insider. But the Canadian team is holding out hope that direct dialogue between Trump and Carney will break the impasse. Trump's latest tariff threat against Canada, detailed in an open letter to Carney earlier this month, is to impose a 35 per cent import duty on Canadian goods starting Aug. 1. The U.S. president sent similar letters to dozens of other world leaders, threatening to finally impose the 'reciprocal' tariffs first detailed in his 'Liberation Day' announcement in April. At that time, Trump held a large placard for the cameras and announced a bevy of tariff rates the U.S. would impose on much of the world to overcome alleged trade unfairness. Trump has also threatened to impose a 50 per cent tariff on copper imports. According to the federal government , more than half of Canada's copper and copper-based product exports — worth more than $4.8 billion — went to the U.S. in 2023. Canada, however, is among countries facing a host of additional U.S. tariffs. These now included 50 per cent duties on steel and aluminum and a 25 per cent tariff on automobiles. Trump also imposed 25 per cent tariffs on Canadian products and 10 per cent tariffs on energy and critical minerals, which the U.S. linked to concerns about the deadly drug fentanyl and illegal immigration. However, on March 7, goods that comply with the Canada-United States Mexico Agreement (CUSMA) were exempt from those import duties. A report from RBC Economics, published in April , estimated that about 86 per cent of Canadian exports should be able to enter the U.S. without any tariffs, thanks largely to the CUSMA exemption, which leaves steep import duties on Canadian autos (25 per cent), steel and aluminum (50 per cent). David Paterson, Ontario's envoy to Washington, said Tuesday he could not predict whether Canada is getting closer to a deal this week. He stressed that a top priority is preserving the exemption from Trump's tariffs that cover a large portion of Canadian exports to the U.S., since they comply with CUSMA. Crediting Premier Doug Ford with helping to ensure a broad layer of Trump's tariffs didn't apply to CUSMA-compliant trade, Paterson said the government is likely striving to preserve that exemption ahead of Friday's deadline. 'Keeping that (exemption) is, in our view, one of the most important things to sustain,' Paterson said. Noting that Trump recently made trade deals with Japan and the European Union, Paterson said it is important for the Canadian side to look at what other countries are agreeing to. He also stressed that American officials are juggling talks with dozens of other countries that are potentially facing tariffs on Friday. 'You can imagine the premium on their time,' he said, describing the talks as a 'new mechanism of discussion that we've never seen before.'
Yahoo
4 hours ago
- Entertainment
- Yahoo
Khloe Kardashian ‘Feels Pressure' to Match ‘Filtered' Image, Spends ‘Hours' Setting Up Perfect Photos: Source
Khloé Kardashian is a perfectionist when it comes to her social media appearance, according to a source. While the Good American co-founder, 41, claimed on the July 16 episode of her Khloé in Wonder Land podcast that she doesn't photoshop her pictures anymore, a source tells Star, she still 'feels this pressure to live up to this filtered version of herself.' 'She spends hours setting up the perfect shot, between the lighting and the glam session, it's a full production every single time just to take a selfie,' the source reveals. 'And she won't stop at one. She'll take hundreds of nearly identical photos, then obsess over which one to post.' The source explains that after The Kardashians star gets opinions from her team, she 'still goes back and forth over which one to post.' 'It's never just snap and go,' the source shares. 'It takes hours to get something she feels is worthy of posting.' The source adds that the reality TV personality has her phone on her at all times, 'because she's built this image that's so curated.' On the July 16 podcast episode, the Keeping up with the Kardashians alum admitted that she doesn't consider herself very 'photogenic' and copped to taking hundreds of photos to find one that she likes. However, Kardashian also said her Photoshopping days were behind her — a claim that fans didn't buy. 'I don't [Photoshop photos], but there was a time that I definitely did,' she told listeners. 'There was a time that I was around some people that would make me feel like I needed to. I also think it was the era, too. I felt like a lot of people were Photoshopping or heavily Photoshopping more than they do now.' 'I do feel like there was a time that we all just got consumed in this filter lifestyle, and we couldn't see ourselves without a filter,' Kardashian recounted. 'And there's definitely days that I'm like, 'Ugh, I need a filter, I don't feel good about myself.' But I'm on video. And I do like myself better in video than stills.' The media personality noted that she didn't even know what she looked like in real life because people in her circle would retouch her photos before showing them to her. 'If they took my photo, they would make me look that way before giving it to me. And then I would think that's how I looked,' she admitted. 'And if I got paparazzied, I'd be like, 'I don't look like that. I look like this photo.'' 'I really had to reprogram my mind to think, 'Okay, we have to lay off the filters. This isn't real,'' she shared. ''That's not how I look. And I don't want to look like that.'' Solve the daily Crossword
Yahoo
8 hours ago
- Entertainment
- Yahoo
Katie Holmes and Joshua Jackson Enjoying ‘Happy Reunion' Amid Romance Rumors: ‘The Spark Is Obvious' (Exclusive)
Joshua Jackson and Katie Holmes brought on the nostalgia when they reconnected for a film project in the Big Apple last week. 'The spark between them is very obvious and very natural, it's been a blissfully happy reunion for them,' an insider exclusively tells Star of the former Dawson's Creek costars. 'They're spending a lot of time together off set, apparently they've been dressing in disguise so they can enjoy the city together without getting mobbed,' added the source. Holmes, 46, and Jackson, 47, were photographed on the set of her new movie in New York City on July 21, more than two decades after captivating viewers as the beloved characters Pacey and Joey in the WB show which spanned for six seasons from 1998 to 2003. The mom of one has been utilizing many of her talents as she is set to direct and star in her new feature film trilogy, Happy Hours, which will also star Jackson, Deadline reported. Happy Hours — which Holmes also helped write — follows their relationship as the duo navigates 'the challenges of careers, family responsibilities and the pursuit of love, despite life's inevitable obstacles.' When they're on set, an eyewitness tells Star that Holmes and Jackson's strong bond is evident. 'They stick to themselves mostly and are always deep in conversation,' says the source. Holmes and Jackson notably dated for around a year after Dawson's Creek debuted and ultimately went their separate ways after the hit series wrapped. She went on to date Chris Klein from 2000 to 2005, and then tied the knot with Tom Cruise in 2006. Their divorce was finalized six years later in 2012. Holmes was also romantically involved with Jamie Foxx from 2013 to 2019, and more recently, chef Emilio Vitolo Jr. from 2020 to 2021 and musician Bobby Wooten III for roughly nine months in 2022. As for Jackson, he dated Diane Kruger for around 10 years from 2006 to 2016, later exchanging vows with Jodie Turner-Smith in 2019 before calling it quits in 2023. He was also romantically linked with actress Lupita Nyong'o — although it was reported they split in 2024. With Holmes and Jackson working together again, fans are stirring with hopes of a rekindled romance. 'Clearly all the feelings are buzzing again but they're not going to go public with it anytime soon,' the source says of Holmes and Jackson. 'They're in the midst of filming and are very professional, not until they're done working would they ever cop to this.' 'Not to mention the hysteria that will happen when they do, it's going to create a frenzy, which they'll both want to avoid as long as possible,' adds the source. 'Josh is very discreet, but most of his friends assume things have moved past the just friends stage for them.' Solve the daily Crossword
