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The Star Entertainment Group Limited (ASX:SGR)

ALERT: Price-sensitive ASX Announcement for SGR
Current share price for SGR : $0.092 -0.003 (-3.16%)+
Announcement
Release
24 Sep 2025 10:59AM
Price at Release
$0.095
Full Release
download
Summary
The Star Entertainment Group Limited announced that the NSW Independent Casino Commission (NICC) has extended the suspension of The Star Sydney casino's licence. The NICC has also extended the appointment of the Manager overseeing the casino until 31 March 2026, pending further review. Despite acknowledging that further remedial work is necessary, The Star remains committed to improving its operations and maintaining good relations with the NICC and other stakeholders. This decision follows a determination by the NICC in 2022 that The Star was no longer suitable to hold a casino licence, although it was given an opportunity to undertake remedial actions.
Key Points
  • The Star Entertainment Group Limited's licence for The Star Sydney casino remains suspended.
  • The NSW Independent Casino Commission (NICC) decided to extend the Manager's appointment until 31 March 2026.
  • The Star Entertainment Group acknowledged the need for further work on their Remediation Plan.
  • The company is committed to maintaining a transparent and constructive relationship with the NICC and stakeholders.
  • The NICC found that The Star was no longer suitable to hold a casino licence as of October 2022.
  • The regulatory update is part of an ongoing process to determine the suitability of The Star to hold its licence.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.