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The Star Sydney’s Casino License Suspension Extended Until September 2025

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The Star Sydney’s Casino License Suspension Extended Until September 2025

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

The Star Entertainment Group Limited has been informed by the NSW Independent Casino Commission that the suspension of The Star Sydney’s casino license will continue until at least September 30, 2025. The NICC has extended the appointment of a manager to oversee the casino operations during this period. Despite progress in the company’s remediation efforts, concerns about financial stability have led to the decision to maintain the suspension. The next six months are crucial for The Star to demonstrate further progress in its remediation activities and financial stabilization, which will be reassessed by the NICC in September 2025.

More about Star Entertainment Group Limited

The Star Entertainment Group Limited operates within the entertainment and hospitality industry, primarily focusing on casino and gaming services. The company is known for its casino operations, with a significant market presence in Australia.

YTD Price Performance: -9.17%

Average Trading Volume: 211,542

Technical Sentiment Signal: Buy

Current Market Cap: $198.5M

For detailed information about SGR stock, go to TipRanks’ Stock Analysis page.

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