Star Entertainment Group suspended from trading in Australia
Australian Securities Exchange suspended Star Entertainment Group from trading on September 2.The Star Entertainment Group Limited is an Australian gambling and...
Star Entertainment to submit is financial report soon
Star Entertainment announced that it is reviewing its financial position with advisors and will soon submit its delayed annual report.
The Star Entertainment Group Limited is an Australian gambling and entertainment company, founded in 2011. The company has casinos in Sydney, Brisbane, and the Gold Coast.
Recently, the Group has been facing several issues, including its Sydney Casino’s license and trading suspension. The Group has also failed to submit its annual report by the deadline of August 31.
This morning Star announced:
“Star will provide a further update in respect of its financial and liquidity position in conjunction with the release of its FY24 preliminary financial report.Upon release of the FY24 preliminary financial report, our shares would resume trading in accordance with the ASX Listing Rules.”
Now Star Entertainment is working to fix the ongoing issues. It is expected that cost-cutting programs will help the company retain its casino license in Sydney.
However, major investors are still hesitating to restart their investments.
FAQs
What does Star Entertainment do?
The Star Entertainment Group Limited is an Australian gambling and entertainment company founded in 2011. It operates casinos in Sydney, Brisbane, and the Gold Coast.
Why was Star Entertainment’s Sydney casino license suspended?
Star Entertainment’s Sydney casino’s license was suspended after an investigation uncovered serious issues, including failures in anti-money laundering and counter-terrorism measures in 2022.
What led to the suspension of Star Entertainment Group’s trading in Australia?
The suspension of Star Entertainment Group’s trading in Australia is a result of Adam Bell’s crirical report, which highlighted ongoing issues with the company’s operations and compliance.
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NSW keeps Star Entertainment’s Sydney license suspended
The Star Entertainment won't be taking back control of its Sydney casino after numerous failures.The Star Entertainment Group Limited is an Australian gambling and...
