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Star Entertainment Group Limited ( (AU:SGR) ) just unveiled an announcement.
The Star Entertainment Group Limited has announced an update regarding its Heads of Agreement (HoA) with joint venture partners Chow Tai Fook Enterprises Limited and Far East Consortium International Limited. The agreement, which involves The Star’s stakes in the Destination Brisbane Consortium and Destination Gold Coast Consortium, has been extended to 31 July 2025. This extension allows for continued negotiations, with specific financial obligations outlined if the long form documents are not finalized by the new termination date. The outcome of these negotiations could significantly impact The Star’s financial commitments and strategic partnerships.
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 resort management. It partners with international firms to develop large-scale entertainment destinations in Australia.
YTD Price Performance: -31.58%
Average Trading Volume: 14,108,712
Technical Sentiment Signal: Sell
Current Market Cap: A$372.6M
Learn more about SGR stock on TipRanks’ Stock Analysis page.