The Star Entertainment Group Limited ASX:SGR Share Price News The Motley Fool Australia




It is suing several former directors and executives, including the former chief executive, in a case expected to last six weeks. Elizabeth Sheedy is on the advisory board of the Financial Integrity Hub and was previously on the board of the Australian Compliance Institute. In the past she has received research funding from financial institutions that have been accused of money-laundering, and from the Australian Compliance Institute. So first is the cyclical downturn in discretionary spending that's weighing on main floor gaming. We do expect VIP gaming to come back to levels much, much lower than it was pre-COVID. But we do expect it to come back to some extent over the next few years.
The money laundering regulator’s public advice on using consultants contained some pretty good internal advice. Ward has run the struggling casino operator since 2024, guiding it during one of its most difficult periods. Morningstar still expects earnings to recover in the medium term as the Queen’s Wharf development ramps up, cyclical discretionary weakness turns and regulatory costs ease. After a delayed earnings release and a turbulent regulatory environment, this entertainment behemoth remains a controversial choice for investors. Let's see what top brokers think of Domino's Pizza shares following the AGM update last week.
The Bell Report reveals a company that had not moved quickly enough to address the governance and cultural concerns raised in the first Bell Report. It has only very recently turned its attention to dealing with challenges that should have been prioritised earlier. The trading halt is expected to continue until Star makes an announcement relating to the above-mentioned issues or until trading starts on 2 September 2024. Star requested the freeze upon receiving the final report undertaken by Adam Bell SC after the 2024 independent inquiry into the casino's operations.
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