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Star Entertainment Group Limited ( (AU:SGR) ) has shared an update.
The Star Entertainment Group Limited announced that Bally’s Corporation and its associates have become substantial shareholders, holding 37.7% of the company’s voting power with 2.5 billion ordinary shares. This development, approved by regulatory bodies and shareholders, allows Bally’s to potentially acquire up to 53.75% of shares, impacting the company’s ownership structure and market positioning.
The most recent analyst rating on (AU:SGR) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Star Entertainment Group Limited stock, see the AU:SGR Stock Forecast page.
More about Star Entertainment Group Limited
The Star Entertainment Group Limited operates in the entertainment and hospitality industry, focusing on casino and gaming services. The company is known for its integrated resorts and casinos, primarily serving the Australian market.
Average Trading Volume: 9,437,723
Technical Sentiment Signal: Sell
Current Market Cap: A$729.7M
See more insights into SGR stock on TipRanks’ Stock Analysis page.