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JPMorgan Chase Ceases to be Substantial Shareholder in Star Entertainment

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JPMorgan Chase Ceases to be Substantial Shareholder in Star Entertainment

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Star Entertainment Group Limited ( (AU:SGR) ) has issued an announcement.

The Star Entertainment Group Limited announced that JPMorgan Chase & Co. and its affiliates are no longer substantial shareholders as of June 11, 2025. This change aligns with the company’s constitutional and regulatory restrictions, which prevent any individual from holding more than 10% voting power, ensuring compliance with agreements with Liquor and Gaming New South Wales and the Queensland Office of Liquor and Gaming Regulation.

The most recent analyst rating on (AU:SGR) stock is a Sell with a A$0.26 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 involved in managing and operating integrated resorts and casinos, primarily in Australia, with a market focus on providing leisure and entertainment experiences.

YTD Price Performance: -31.58%

Average Trading Volume: 13,766,481

Technical Sentiment Signal: Sell

Current Market Cap: A$372.6M

For detailed information about SGR stock, go to TipRanks’ Stock Analysis page.

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