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The latest update is out from Star Entertainment Group Limited ( (AU:SGR) ).
The Star Entertainment Group Limited has entered into binding agreements with Chow Tai Fook Enterprises Limited and Far East Consortium International Limited to restructure its interests in the Queen’s Wharf Brisbane Integrated Resort and Gold Coast joint venture assets. This transaction marks a strategic shift for The Star, as it exits the Brisbane project and consolidates its position on the Gold Coast, potentially impacting its operational focus and stakeholder relations. The transaction will be completed in two stages, with regulatory approvals and other conditions required for finalization.
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 integrated resort developments and casino operations. The company is involved in significant projects such as the Queen’s Wharf Brisbane Integrated Resort and joint ventures on the Gold Coast, positioning itself as a key player in the Australian leisure and tourism market.
Average Trading Volume: 12,540,721
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$263.7M
See more insights into SGR stock on TipRanks’ Stock Analysis page.