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State Street Corporation Ceases to be Substantial Shareholder in The Star Entertainment Group

Story Highlights
  • State Street Corporation no longer holds a substantial share in The Star Entertainment Group.
  • The change ensures compliance with shareholding restrictions in The Star’s agreements with gaming authorities.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
State Street Corporation Ceases to be Substantial Shareholder in The Star Entertainment Group

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

The Star Entertainment Group Limited announced that State Street Corporation and its subsidiaries have ceased to be substantial shareholders as of February 28, 2025. This change aligns with the company’s constitutional and regulatory restrictions, which prevent any individual from holding more than 10% voting power, ensuring compliance with agreements with Liquor and Gaming authorities in New South Wales and Queensland.

More about Star Entertainment Group Limited

The Star Entertainment Group Limited operates in the entertainment and hospitality industry, focusing on casino and gaming services. It is involved in managing and operating integrated resorts and casinos, primarily in Australia, with a market focus on providing leisure and entertainment experiences.

YTD Price Performance: -9.17%

Average Trading Volume: 192,304

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $196.3M

See more insights into SGR stock on TipRanks’ Stock Analysis page.

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