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Star’s FY profit drops 8.4% to $223.7m

The Star Entertainment Group's full-year profit fell 8.4 per cent to $223.7 million after a solid domestic performance was offset by a drop in international VIP spending.

Normalised earnings for the 12 months to June 30 dropped 2.0 per cent to $557 million, within the $560 million-$600 million guidance range that prompted a 16 per cent share price fall when it was issued in June.

Domestic earnin...

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