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THE STAR ENTERTAINMENT GROUP LIMITED (SGR)

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ASX, Legal & CGT Status

Former (or subsequent) names

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Our website ranking of SGR: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Link Market Services Brisbane
Level 21, 10 Eagle Street Brisbane QLD 4000
Tel : +61 7 3320 2200 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000SGR6
Address: Level 3, 159 William Street, BRISBANE, QLD, AUSTRALIA, 4000
Tel:  (07) 3228 0000Fax: (07) 3228 0099

Date first listed: 06/06/2011

Sector: Consumer Services Industry Group: XDJ
Activities: The Company operates The Star in Sydney, The Star Gold Coast and Treasury Casino & Hotel in Brisbane. The Company also manages the Gold Coast Convention and Exhibition Centre

News & Events

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The company has extended its exclusivity with Salter Brothers Capital for a refinancing proposal, potentially providing up to $940 million in debt capacity. The proposal is expected to be finalized by March 2025.

25/03/2025

The company releases a response to media speculation. The company has confirmed a refinancing proposal with Alter Brothers Capital, potentially providing up to $940 million in total debt capacity, and has entered into an exclusivity and process deed.

11/03/2025

The company has received an unsolicited, non-binding proposal for additional funding from Bally's Corporation.

10/03/2025

The company has secured a $250 million senior secured bridge facility and an exclusivity and process deed for a refinancing proposal, potentially providing up to $940 million in total debt capacity. The company is also pursuing short-term liquidity initiatives as neither the bridge facility nor refinancing proposal will meet immediate liquidity requirements.

07/03/2025

The company has entered into a binding heads of agreement with its Joint Venture Partners, Chow Tai Fook Enterprises Limited and Far East Consortium International Limited, to exit Destination Brisbane Consortium and consolidate its position at The Star Gold Coast. The Star will dispose of its 50% equity interest in Destination Brisbane Consortium and acquire the Joint Venture Partners' interests in Dorsett and Andaz at The Star Gold Coast.

07/03/2025

S&P Dow Jones Indices has announced a quarterly rebalance of the S&P/ASX Indices for March 2025, effective before trading opens on March 24, 2025, following a March quarterly review.

07/03/2025

The company releases a response to media speculation. The company has confirmed discussions with its joint venture partners, Chow Tai Fook and Far East Consortium, regarding a possible sale of The Star's 50% equity interest in DBC.

07/03/2025

The company provides an update on its 2025 half year financial report. The company suspended its shares from trading due to the non-lodgement of its 1HFY25 financial report, which was not lodged as required by the ASX Listing Rules. The suspension will continue until the report is lodged and the ASX determines the reinstatement of the company's shares.

03/03/2025

The company's securities will be suspended from quotation under Listing Rule 17.5 from 3 March 2025 due to not lodging the necessary periodic report. If lodged between market announcements office closure on 28 February 2025 and suspension, securities will be reinstated on the next trading day.

03/03/2025

The suspension of trading in the securities of The Star Entertainment Group Limited will be lifted from the commencement of trading on Friday, 27 September 2024 following lodgement of its Appendix 4E for the year ended 30 June 2024 and accompanying announcements.

26/09/2024

The company releases its Investor Presentation.

26/09/2024

The company releases its unaudited results and business update.

26/09/2024

The company releases its appendix 4E and unaudited preliminary financial report.

26/09/2024

The company has secured a commitment letter from its corporate lenders for a new debt facility of up to $200 million in two-tranches. The facility will be effective upon long-form documentation and satisfaction of conditions precedent. The existing $450 million facility has been reduced to $334 million. Covenant waivers are expected for testing dates.

25/09/2024

The company releases a notification of cessation of securities.

20/09/2024

The Company's 2024 AGM will be held at 10am (AEST) on 28 November 2024 online and in the Event Centre at The Star Brisbane, 33 William Street, Brisbane, Queensland. The closing time and date for receipt of director nominations is 10am (AEST) on Thursday, 26 September 2024.

19/09/2024

The New South Wales Independent Casino Commission has today served on The Star a "˜show cause' notice in respect of matters arising from the Bell Two Report. The NICC has also asked the Company to make submissions as to the actions being taken by the Company in respect of a number of findings in the Bell Two Report relating to, among other things, the Company's suitability to hold the casino licence for The Star Sydney and progress in respect of its remediation plan. The NICC has also requested information about the Company's current financial position and its proposed plans to address these issues on an ongoing basis so that it can make informed decisions about the Company's (and The Star Sydney's) financial suitability. The Star expects to respond to the Notice by Friday 27 September 2024.

13/09/2024

The company is continuing to work with various stakeholders and advisers in respect of its financial position. As these discussions are ongoing, The Star is not yet in a position to finalise its preliminary report for the financial year ended 30 June 2024.

11/09/2024

The company has agreed to sell its leasehold interest in the Treasury Brisbane Casino building to Griffith University for $67.5 million plus GST, subject to government consents and a new lease, expected to occur by 27 September 2024.

06/09/2024

The company is reviewing its financial and liquidity position and the implications of Adam Bell SC's report following the 2024 Independent Inquiry into The Star. The company is working on finalizing its preliminary financial report for FY24, discussing liquidity with stakeholders and applying provisions of the Corporations Act 2001. The company will provide an update on its financial and liquidity position, and shares will resume trading after the report's release.

04/09/2024

The securities of the company will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Monday, 2 September 2024, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Friday, 30 August 2024, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

02/09/2024

name changed from Echo Entertainment Group Limited

16/11/2015

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    21/11/2023David Foster35,398$0.563$19,911
    06/10/2023Anne Ward100,000$0.609$60,860
    28/09/2023David Foster32,300$0.620$20,010
    23/03/2023Deborah Page35,500$1.430$50,765
    20/03/2023Michael Issenberg20,000$1.450$29,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Anne WardChairman18/11/2022
    Stephen McCannManaging Director, CEO08/07/2024
    Frank KrileCFO17/12/2024
    Deborah PageIndependent Director13/03/2023
    Toni ThorntonIndependent Director17/10/2023
    Peter HodgsonNon Exec Director07/02/2024
    Michael IssenbergNon Exec Director11/07/2022
    Janelle CampbellDirector, CEO15/07/2024
    Jennie YuenCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Neale O'ConnellCFO22/03/202428/03/2025
    Kate WilliamsCompany Secretary01/07/202417/12/2024
    Mark MackayCEO09/09/202413/12/2024
    Ian BrownInterim CEO24/05/202415/07/2024
    Hamish MacdonaldCompany Secretary19/09/202330/06/2024
    David FosterDirector15/12/202221/06/2024
    Jessica MellorCEO17/10/202324/05/2024
    Robbie CookeManaging Director, CEO17/10/202222/03/2024
    Christina KatsiboubaCFO09/05/202222/03/2024
    Ben HeapNon Exec Chairman23/05/201831/03/2023
    Katie LaheyNon Exec Director10/03/201330/12/2022
    Richard SheppardNon Exec Director01/03/201324/11/2022
    Gerard BradleyNon Exec Director30/05/201331/10/2022
    Geoff HoggInterim CEO01/06/202226/09/2022
    Sally PitkinNon Exec Director31/07/201430/06/2022
    John O'NeillDirector28/03/201102/06/2022
    Harry TheodoreCFO24/10/201906/05/2022
    Matt BekierManaging Director, CEO11/04/201428/03/2022
    Zlatko TodorcevskiNon Exec Director, Non Exec Director23/05/201831/08/2020
    Chad BartonCFO21/05/201401/11/2019
    Greg HayesNon Exec Director24/04/201526/10/2017
    Anne BrennanNon Exec Director29/09/201131/07/2014
    John RedmondManaging Director, CEO29/09/201111/04/2014
    Larry MullinManaging Director, CEO02/03/201131/01/2013
    Brett PatonNon Exec Director25/03/201125/09/2012
    John StoryChairman, Non Exec Director17/03/201108/06/2012

    Date of first appointment, title may have changed.