Star Entertainment Group Limited ( (AU:SGR) ) just unveiled an update.
The Star Entertainment Group Limited announced the withdrawal of its refinancing proposal with Salter Brothers Capital, which was intended to address the company’s liquidity needs by refinancing its existing debt. The proposal was withdrawn due to unmet conditions, particularly lender requirements related to security over non-gaming assets. The company is now exploring other liquidity solutions, including discussions with Bally’s Corporation, but faces uncertainty regarding its ability to continue as a going concern.
More about Star Entertainment Group Limited
The Star Entertainment Group Limited operates in the entertainment and hospitality industry, focusing on providing gaming, entertainment, and hospitality services. The company is known for its casino and resort operations, primarily targeting the Australian market.
YTD Price Performance: -9.17%
Average Trading Volume: 9,500
Technical Sentiment Signal: Buy
Current Market Cap: $196.8M
See more data about SGR stock on TipRanks’ Stock Analysis page.