Market Chatter: JPMorgan Chase No Longer a Shareholder in Star Entertainment

MT Newswires Live12-23 19:12

JPMorgan Chase (JPM) is no longer a shareholder in Australia's Star Entertainment, Reuters reported Monday, citing a regulatory filing.

The bank's stake in the casino operator reflected about 5.1% of the company's voting power, the report said.

Star Entertainment and Blackstone (BX)-owned rival Crown Resorts have been hit with regulatory troubles and a decline in visitors, according to Reuters.

JPMorgan did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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