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The Star Entertainment Group Announces Strategic Investment Meeting

Story Highlights
  • The Star Entertainment Group plans a $300 million investment from Bally’s and Investment Holdings.
  • Shareholders will vote on strategic investments and convertible notes at the June 25 meeting.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
The Star Entertainment Group Announces Strategic Investment Meeting

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

The Star Entertainment Group Limited has announced a general meeting scheduled for June 25, 2025, where shareholders will vote on strategic investments totaling $300 million from Bally’s Corporation and Investment Holdings Pty Ltd. The meeting will also address the approval and ratification of previously issued convertible notes to these entities. The board recommends shareholders approve these resolutions, which are expected to enhance the company’s financial capacity and strategic positioning.

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, primarily focusing on casino and resort management. It offers a range of services including gaming, dining, and hotel accommodations, with a market focus on providing premium entertainment experiences.

YTD Price Performance: -42.11%

Average Trading Volume: 19,530,709

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$315.3M

Find detailed analytics on SGR stock on TipRanks’ Stock Analysis page.

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