Regulatory Approvals Granted for Strategic Investment in The Star Entertainment Group.
The Star Entertainment Group Limited (ASX: SGR) has received key regulatory approvals from the NSW Independent Casino Commission (NICC) and Queensland’s Office of Liquor and Gaming Regulation (OLGR), allowing the previously approved strategic investment by Bally’s Corporation and Investment Holdings Pty Ltd to proceed. With both entities completing rigorous probity assessments, their AU$300 million investment can now convert into equity, enabling the appointment of their nominated directors to The Star’s Board. The company expects these steps to occur in the coming days and will provide further updates at its 2025 Annual General Meeting on 25 November 2025.
NICC confirmed Bally’s and Investment Holdings as ‘suitable persons’ to be associated with The Star Sydney’s casino operations, subject to conditions. The approvals mark a significant milestone in The Star’s ongoing remediation, financial stabilisation, and efforts to return to suitability, with oversight from the NICC-appointed manager continuing as part of compliance obligations.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au
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Regulatory Approvals Granted for Strategic Investment in The Star Entertainment Group.
The Star Entertainment Group Limited (ASX: SGR) has received key regulatory approvals from the NSW Independent Casino Commission (NICC) and Queensland’s Office of Liquor and Gaming Regulation (OLGR), allowing the previously approved strategic investment by Bally’s Corporation and Investment Holdings Pty Ltd to proceed. With both entities completing rigorous probity assessments, their AU$300 million investment can now convert into equity, enabling the appointment of their nominated directors to The Star’s Board. The company expects these steps to occur in the coming days and will provide further updates at its 2025 Annual General Meeting on 25 November 2025.
NICC confirmed Bally’s and Investment Holdings as ‘suitable persons’ to be associated with The Star Sydney’s casino operations, subject to conditions. The approvals mark a significant milestone in The Star’s ongoing remediation, financial stabilisation, and efforts to return to suitability, with oversight from the NICC-appointed manager continuing as part of compliance obligations.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au