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Star Entertainment Group nosedived 22% following news reports of alleged improper practices.

ASX closed red; Douugh soared on US customer base doubling; Star Entertainment Group plunged 22%

The ASX200 closed 0.28% lower on Monday at 7299.80.

Douugh soared 12% as the US customer base doubled in Q1 of FY22.

Star Entertainment Group nosedived 22% on investigative news reports.

The Australian market started the week in negative territory, closing Monday’s session 0.28% lower at 7299.80 as tech stocks tumbled and the Star Entertainment Group topped losses, shedding 22.66%.

The tech plunge followed a turbulent week for the Nasdaq on Wall St last week, with Afterpay falling 4.11%, Xero down 3.96% and Wisetech Global finishing Monday’s session 3.67% lower.

Bitcoin is trading 1.65% higher over the last 24-hours at US$56,396.06 at 4:30pm AEDT.

Smart banking app Douugh soared 12.31% today after releasing an update on customer uptake. For the first quarter of FY22, Douugh doubled its US customer base, with total customers now standing at 55,321, up 53% from the end of Q4 of FY21.

Making headlines, the Star Entertainment Group nosedived 22.9% to start the week following news reports from multiple outlets, that it engaged in many of the same improper practices as Crown. In the reports, the Star is accused of allowing money laundering, organised crime, fraud and foreign interference in the operations of its casinos.

And Ukrainian airline, SkyUp Airlines, has ditched the heels and skirts for a loose orange suit and sneakers as the uniform for its air hostesses to ensure comfort for staff while working in the skies.

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