Star Entertainment to Sell Stake in Casino Property Amid Regulatory Challenges
Friday 06 de September 2024 / 12:00
⏱ 1 min read
(United States).-The company added that the sale was subject to conditions including consent from the government and a new lease in a suitable form being granted. The lease is targeted to occur around Sept. 27.
Star Entertainment (SGR.AX), opens new tab will sell its interest in the Treasury Brisbane Casino building in Queensland for A$67.5 million ($45.47 million), the embattled casino operator said on Friday.
Star, which continues to work with its advisors to finalise its fiscal 2024 results, has been under scrutiny after New South Wales Independent Casino Commission (NICC) found it has been slow to address the governance and cultural issues.
Earlier this year, NICC had appointed lawyer Adam Bell SC to conduct a second investigation into the company due to concerns that it had not sufficiently addressed its cultural shortcomings after being exposed for major anti-money laundering and counter-terrorism failures in 2022.
Trading of shares in the company has been suspended since last week for not lodging its financial results by the due date.
The sale comes after Star said in its half-year results that it was looking to sell its interest in the Brisbane casino property.
The company added that the sale was subject to conditions including consent from the government and a new lease in a suitable form being granted. The lease is targeted to occur around Sept. 27.
Categoría:Others
Tags: Sin tags
País: United States
Región: North America
Event
GAT EXPO CARTAGENA 2026
24 de March 2026
NOVOMATIC drives the growth of the Colombian market at GAT Cartagena 2026
(Cartagena).- Following a standout participation at GAT Cartagena 2026, NOVOMATIC Gaming Colombia reaffirmed its leadership in the Latin American gaming industry by combining a strong technological showcase with the launch of linked progressive jackpots and active involvement in regulatory discussions shaping the future of the slot machine sector in the country.
Thursday 02 Apr 2026 / 12:00
Trade Associations and Governments in Latin America: The Gaming Sector Calls for Technical Dialogue and Regulatory Predictability
(Cartagena de Indias, SoloAzar Exclusive).- Cartagena de Indias was the stage for an intense debate on the role of gaming associations in shaping public policy, where regional leaders agreed on the need to strengthen dialogue with governments, warned about unilateral decisions that affect the sustainability of the industry, and proposed an evolution of trade associations into key technical actors in the region.
Wednesday 01 Apr 2026 / 12:00
Technology, AI and Traceability: Keys to the Future of Gaming at the GAT Expo Cartagena Suppliers Panel
(Cartagena de Indias, SoloAzar Exclusive).- Within GAT Expo Cartagena 2026, technology sector leaders analyzed the challenges and opportunities of the gaming industry during the panel “Innovation, Traceability and Control”.
Tuesday 31 Mar 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.