Star Entertainment shares suspended from Monday trading

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Star Entertainment shares suspended from Monday trading

//business-finance.news-articles.net/content/202 .. inment-shares-suspended-from-monday-trading.html

Published in Business and Finance on Monday, March 3rd 2025 at 5:01 GMT by Couriermail
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Star Entertainment shares have been suspended from trading on the public markets again on Monday, spelling more trouble for the embattled gaming giant and its 9000 employees.

The Star Entertainment Group has had its shares suspended from trading on the Australian Securities Exchange (ASX) starting Monday, following a directive from the Queensland government. This suspension comes after the company was found unsuitable to hold a casino license in Queensland due to multiple breaches of its casino obligations. The Queensland Attorney-General, Yvette D'Ath, announced that the government would appoint a special manager to oversee the casino's operations, aiming to restore public confidence. The suspension will remain in effect until the special manager is appointed and the casino's operations are deemed satisfactory. This development has led to a significant drop in Star Entertainment's share price, which fell 26% to $1.18 before the suspension.

Read the Full Couriermail Article at:
[ https://www.news.com.au/finance/markets/australian-markets/star-entertainment-shares-suspended-from-monday-trading/news-story/44db29fd13ba41a84b919a8ef325a86e ]

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