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Company Announcements

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 complies with restrictions preventing over 10% voting power in the company.
  • 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 issued an announcement.

The Star Entertainment Group Limited announced that State Street Corporation and its subsidiaries have ceased to be substantial shareholders as of March 4, 2025. This change aligns with the company’s constitutional and regulatory restrictions, which prevent any individual or entity 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. The company is involved in the management and operation of integrated resorts and casinos across Australia, catering to both domestic and international markets.

YTD Price Performance: -9.17%

Average Trading Volume: 192,304

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $200.3M

For a thorough assessment of SGR stock, go to TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
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