The iron-clad rule of gambling is that the house always wins. But for Star Entertainment Group, sometimes the house doesn’t win enough.
Its win rate historically averages 1.35 per cent on its international VIP business, with anything better than 1 per cent leaving the house ahead.
Since late 2013, the win rate on this business, which comes mostly from Asia, has consistently been below 1.35 per cent, falling to 0.88 in the second half of 2015 before rebounding to 1.5 per cent this year.
“In the first half, we were exceptionally unlucky,” the chief executive Matt Bekier…
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