JPMorgan sold its stake in Star Entertainment due to regulatory inquiries and decreased tourism.

From Investing.com: 2024-12-22 17:20:32

JPMorgan Chase has sold its 5.09% stake in Star Entertainment, an Australian casino operator, as shown in an exchange filing. Star, facing regulatory inquiries and decreased tourism, has seen its share price drop and is dealing with liquidity issues and decreased earnings. The casino industry in Australia is facing a difficult period.



Read more at Investing.com: JPMorgan exits Australia’s Star Entertainment By Reuters