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Star Entertainment Group Limited ( (AU:SGR) ) has issued an announcement.
The Star Entertainment Group Limited announced the departure of its Group CEO and Managing Director, Steve McCann, effective 16 December 2025. Bruce Mathieson Jnr will assume the role of Executive Chairman while the company searches for a new CEO. McCann, who joined during a crisis, has been credited with implementing a financial reset and progressing a Remediation Plan, setting the foundation for future success. The strategic investment by Bally’s Corporation and Investment Holdings Pty Ltd is seen as an opportunity for the company to pursue recovery and growth, with new leadership expected to build on this momentum.
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 industry, focusing on casino and hospitality services. The company is known for its integrated resorts and casinos, catering to both domestic and international markets.
YTD Price Performance: -44.74%
Average Trading Volume: 9,406,405
Technical Sentiment Signal: Sell
Current Market Cap: A$696.5M
For a thorough assessment of SGR stock, go to TipRanks’ Stock Analysis page.