The Star Sydney - Regulatory Update
Key points
- The Star's casino licence suspension remains in effect
- Manager's appointment extended to 31 March 2026
- The Star committed to delivering Remediation Plan
Full summary
The Star Entertainment Group Limited (ASX: SGR) has been advised by the NSW Independent Casino Commission (NICC) that the suspension of the licence for The Star Sydney casino will remain in effect at this time. As a result, the NICC has also advised The Star that the Manager's appointment for The Star Sydney casino has been extended to 31 March 2026, unless terminated earlier by the NICC. The Star's Group CEO and Managing Director, Steve McCann, stated that the company acknowledges there is more work to do but remains committed to delivering on its Remediation Plan to support the safe and compliant operation of its business. The Star is committed to continuing its transparent and constructive relationship with the Manager, the NICC and the New South Wales Government, and demonstrating to all its stakeholders its suitability as a licence holder as soon as possible.
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