Star Entertainment Gains on $60 million Asset Sale

Jan 29, 2025

The Star Entertainment Group Limited (ASX: SGR) saw its shares climb 6% after announcing the sale of several Sydney assets, including the Star Sydney Event Centre, to Foundation Theatres for $60 million. The move is part of the company’s broader strategy to streamline operations and strengthen its financial position. At the time of writing, Star Entertainment shares are up 6.52%, reflecting positive market sentiment toward the deal.

 

 

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