Response to media speculation - DBC
| Stock | The Star Entertainment Group Ltd (SGR.ASX) |
|---|---|
| Release Time | 7 Mar 2025, 11:07 a.m. |
| Price Sensitive | Yes |
The Star Entertainment Group Responds to Media Speculation on DBC
- The Star confirms discussions with joint venture partners on possible disposal of 50% equity interest in DBC
- Unable to reach agreement with joint venture partners to date
- No further updates at this stage
The Star Entertainment Group Limited (ASX code: SGR) has issued a response to recent media speculation, including an article published in the Australian Financial Review, relating to various matters, including a potential sale of The Star's 50% equity interest in the Destination Brisbane Joint Venture (DBC) which owns The Star Brisbane integrated resort. The company confirms that, as previously announced to the ASX on 10 February 2025, it has been in discussions with its joint venture partners, Chow Tai Fook and Far East Consortium (Joint Venture Partners), in respect of a possible disposal of The Star's 50% equity interest in DBC to the Joint Venture Partners and related matters. However, The Star has been unable to reach an agreement with its Joint Venture Partners to date. The company states that it will provide any further updates as appropriate.