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Star Entertainment Group Limited ( (AU:SGR) ) has issued an update.
The Star Entertainment Group has navigated a challenging financial year, culminating in a strategic investment of $300 million by Bally’s Corporation and Investment Holdings Pty Ltd, which now collectively hold 61% of the company’s issued capital. This investment, along with asset sales and governance enhancements, aims to stabilize the company’s financial position and restore its casino licenses. The company is undergoing significant board renewal, with new directors appointed to enhance oversight and compliance, though material uncertainties remain regarding its ongoing viability.
The most recent analyst rating on (AU:SGR) stock is a Sell with a A$0.09 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 operations. The company manages properties such as The Star Sydney, The Star Gold Coast, and The Star Brisbane, offering gaming, dining, and accommodation services.
Average Trading Volume: 9,228,984
Technical Sentiment Signal: Sell
Current Market Cap: A$301M
Find detailed analytics on SGR stock on TipRanks’ Stock Analysis page.