Winning hand lifts Australia`s Star Entertainment to record profit
(WorldNews Business)

(Adds normalised profit, CEO quote, shares and outlook) Aug 23 (Reuters) - Australia`s Star Entertainment Group Ltd posted a record full-year profit on Wednesday, beating expectations as a higher-than-normal win rate made up for a fall in turnover from North Asian high-rollers. The country`s No. 2 casino operator lifted its dividend and said revenue from its biggest casino in Sydney grew after it expanded the gaming floor there, also offsetting the decline in the VIP business. Its reported net profit for the year to June 30, 2017 rose 36 percent to A$264.4 million ($209.22 million) from A$194.4 million a year ago. That was ahead of an average of six analyst forecasts for net profit...