Star Entertainment hits over 2-week high after decision to keep Sydney casino open
Updates to add share moves
** Shares of Star Entertainment SGR.AX rise as much as 5.2% to A$0.305, hitting their highest level since Sept 30
** New South Wales state gaming regulator said on Thursday the embattled casino operator would be able to keep its Sydney casino open but has to pay an A$15 mln ($10.05 mln) fine
** Analysts at Morningstar say New South Wales's casino regulator has left the door open for Star to return to "suitability" in Sydney, which is crucial
** Star needs to prove suitability to operate its casinos and recovery of earnings is highly uncertain, Morningstar says
** Brokerage keeps very high uncertainty rating on the stock and asks investors to apply a "wide margin of safety"
** Stock has fallen 43.7% YTD, as of last close
($1 = 1.4932 Australian dollars)
Reporting by John Biju and Rishav Chatterjee in Bengaluru
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