Ann: Becoming a substantial holder from AMP,AMP-SGR.AX, page-7

There may still be fallout from the Crown China VIP scandal, that will affect Star (China may decide to implement broader reforms, affecting these VIP junkets). According to Star Management, their hands are clean. You have to trust them until they prove otherwise, so lets hope so. Some guidance was provided on the amount of EBITDA Star received from Chinese VIP junkets (I can't remember the details). My thoughts at the time were "if we lost 100% of this income, it would certainly cause short-term problems, but the long-term growth story remains intact".

I went long on Star about a week ago. My thoughts were that it was temporarily oversold. Star look to have plenty of money available from their Asian partners and as such, have bold plans for their Brisbane, Gold Coast and Sydney sites. Star Management also appear to be quite good, from what I could tell.

The Brisbane Project will be a game-changer for Star IMO. Such a good location and they really negotiated some favourable terms with he Brisbane City Council. This company is a long-term hold IMO - sit back and collect the divvy, whilst you wait for capital appreciation.