Trends
Star’s gaming galaxies go dark: Poker and tables paused
The Star shut down its poker machines and electronic table games in three casinos due to system issues on Monday. The shutdown will hit The Star’s revenues, with the company’s shares dropping 2.55% at the open to $0.50 by midday trading.
Headline
The Star shut down its poker machines and electronic table games in three casinos due to system issues on Monday. The shutdown will hit The Star’s revenues, with the company’s shares dropping 2.55% at the open to $0.50 by midday trading.
Context
OUR TAKE The nature of the system performance issues identified by The Star during the upgrade raises concerns about the thoroughness of its testing phase. The shutdown highlights the potential risks of large-scale system upgrades in the casino industry, where smooth operation is paramount. –Elodie Qian, BTW reporter Star Entertainment has shut down its poker machines and electronic table games in three casinos due to a system outage caused by a performance issue on Monday, resulting a drop in its share price.
Evidence
Pending intelligence enrichment.
Analysis
Star’s system upgrades at three casinos, The Treasury Brisbane, The Star Gold Coast and The Star Sydney, are designed to improve the company’s transition to cashless gaming, and the upgrades revealed performance issues with electronic gaming machines. All affected gaming machines were shut down on 13 July at 10 p.m. Star worked with its external provider, Konami , to find a solution. “The decision was taken by The Star to ensure compliance with relevant regulations and to maintain the company’s commitment to safer gambling procedures,” Star said. It said, “Treasury Brisbane, The Star Gold Coast and The Star Sydney remain open with table games, restaurants, bars and entertainment available.” The shutdown will hit The Star’s revenues, with the company’s shares dropping 2.55% at the open to $0.50 by midday trading, costing Star about $40 million of its $1.45 billion market capitalisation. Over the past 12 months, its share price has fallen 48.78%.
Key Points
- The Star shut down its poker machines and electronic table games in three casinos due to system issues on Monday.
- The shutdown will hit The Star’s revenues, with the company’s shares dropping 2.55% at the open to $0.50 by midday trading.
Actions
Pending intelligence enrichment.
