Star Entertainment to Sell Stake in Casino Property Amid Regulatory Challenges
Friday 06 de September 2024 / 12:00
2 minutos de lectura
(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
SBC Summit Americas 2025
13 de May 2025
Redefining Innovation: Soft2Bet’s Market-Ready Tech and Experiential Advancements at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In this Q&A, Slobodan Georgijevski, Soft2Bet Senior Sales Manager, highlighted innovation and presence of the firm at recent SBC Summit Americas, and shared a broader industry insight and evolution over the years.
Friday 06 Jun 2025 / 12:00
Belatra Games Unveils 'Cyber Gypsies' and AI-Driven Innovations at SBC Summit Americas 2025
(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas 2025, Belatra Games took center stage with groundbreaking innovations, introducing its newest slot experience, Cyber Gypsies. Alongside this thrilling launch, it reinforced its commitment to AI, gamification, and player protection, setting a new standard for engaging and responsible gaming. But what makes these innovations stand out, and how is Belatra redefining industry trends? Let’s dive in.
Thursday 05 Jun 2025 / 12:00
Blokotech at SBC Summit Americas: Cutting-Edge Launches and New Features
(Fort Lauderdale, SoloAzar Exclusive).- In an exclusive interview with SoloAzar, Alberto Alfieri, Blokotech Co-Founder & Executive Chairman, discussed the innovations the company presented at SBC Summit Americas 2025 and how they address the industry's evolving needs, among other topics.
Monday 02 Jun 2025 / 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.