Star Entertainment Group Limited ( (AU:SGR) ) has issued an update.
The Star Entertainment Group Limited has announced a delay in lodging its half-year financial report for the period ending December 31, 2024, resulting in the automatic suspension of its shares from trading on the ASX. The company is facing significant financial challenges, including the need to secure refinancing commitments to manage its existing corporate debt and provide additional liquidity. The ongoing uncertainty about the company’s ability to continue as a going concern poses potential risks for stakeholders.
More about Star Entertainment Group Limited
The Star Entertainment Group Limited is a company operating in the entertainment and hospitality industry, primarily focused on managing and operating casinos and related facilities. It is listed on the Australian Securities Exchange (ASX) under the ticker SGR.
YTD Price Performance: -9.92%
Average Trading Volume: 192,304
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $195.7M
Learn more about SGR stock on TipRanks’ Stock Analysis page.