Australia's Star Entertainment falls to lowest in nearly three months on Brisbane casino deal uncertainty

Far East Consortium International

01/08/2025 01:43

** Shares of Star Entertainment SGR.AX fall as much as 9.1% to A$0.1, their lowest level since May 5

** The embattled casino operator says it is looking for other deal options for its 50% stake in Brisbane's new Queen's Wharf casino and hotel complex after Chow Tai Fook Enterprises and Far East Consortium 0035.HK declined to extend a key deal deadline

** 11.8 million shares of SGR have traded so far, compared to 30-day moving avg of 8.3 million shares

** YTD, shares are down 42.1% excluding current moves

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))