Troubles Keep Piling Up for Star Entertainment

Star Entertainment, a well-known casino operator in Australia, is facing yet another rough patch. This is the seventh year they've fallen short of their main goals. The issues this time are with earnings per share, total shareholder return, and return on invested capital. Because of this, they missed out on some significant rewards. To make matters worse, Star has been struggling to keep up with its competitors since 2019. They've been stuck in a tough spot, especially with financial constraints. The pandemic didn't help, and neither did the regulators' investigation into potential money laundering and terrorism financing. Now, Star is in a fight to stay afloat, and their shares are barely hanging on. In an attempt to turn things around, Star has revised their long-term incentive plan. The focus is now on total shareholder return. But will this change be enough to make a difference? As of the latest update, Star's shares were trading at a low 8. 3 Australian cents. This doesn't inspire much confidence in the company's future.