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The Star Entertainment Group Limited (ASX:SGR)

ALERT: Price-sensitive ASX Announcement for SGR
Current share price for SGR : $0.115 0 (0%)+
Announcement
Release
1 Apr 2026 9:05AM
Price at Release
$0.115
Full Release
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Summary
The Star Entertainment Group Limited has completed the first stage of its transaction by disposing of its interest in the Destination Brisbane Consortium (DBC) to Chow Tai Fook Enterprises Limited and Far East Consortium International Limited, its joint venture partners. This disposal aligns with their previously announced transaction structure, which involves two stages. The first stage involves the completion of the exit from DBC, and the second stage, which is still pending, concerns the remaining assets including DGCC and the Treasury Hotel in Brisbane. The Star will no longer receive the DBC Casino Management Agreement operator fee and will instead receive a fixed annual fee and a performance-based incentive fee. The completion of Stage 1 is a condition precedent under new financing facilities, which have now been satisfied, leading to the release of a guarantee under the Queen’s Wharf debt facilities.
Key Points
  • The Star completed Stage 1 disposal of interest in DBC.
  • Transaction involves Chow Tai Fook Enterprises and Far East Consortium.
  • Stage 1 completion is a condition for new financing facilities.
  • The Star received a fixed annual fee and performance-based incentive.
  • Stage 2 involves remaining assets and is expected by 31 March 2027.
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.