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Star Entertainment Group Limited ( (AU:SGR) ) has shared an update.
The Star Entertainment Group Limited has announced the divestment of its Star Sydney Event Centre assets to Foundation Theatres Pty Limited for $60 million. This transaction aligns with The Star’s strategy to evolve its entertainment offerings and manage non-core assets, with completion targeted for February 2025, subject to regulatory and government approvals.
More about Star Entertainment Group Limited
The Star Entertainment Group Limited is an Australian company in the entertainment industry, primarily focused on hospitality and leisure services. It operates casinos and integrated resorts and is known for its entertainment offerings, including event centers and theatres.
YTD Price Performance: -39.67%
Average Trading Volume: 215,154
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $206.7M
For an in-depth examination of SGR stock, go to TipRanks’ Stock Analysis page.
