{"id":254,"date":"2024-06-26T21:50:57","date_gmt":"2024-06-26T18:50:57","guid":{"rendered":"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/"},"modified":"2024-06-26T21:50:57","modified_gmt":"2024-06-26T18:50:57","slug":"star-entertainment-group-halts-trading-announces-capital-reorganization","status":"publish","type":"post","link":"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/","title":{"rendered":"Star Entertainment Group Halts Trading, Announces Capital Reorganization"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/YST9QFydlyo\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Star Entertainment Group has declared a significant capital reorganization strategy, leading to a temporary halt in trading on the Australian Securities Exchange (ASX).<\/p>\n<p>Trading of the company&#8217;s stock has been suspended on the ASX, commencing today (September 25) and continuing until the commencement of trading on September 27. The ASX has granted approval for this trading suspension at the request of Star Entertainment Group.<\/p>\n<p>Concurrently, Star Entertainment Group has formulated a set of capital structure modification measures. The primary component entails a financing arrangement of 750 million Australian dollars (394.3 million pounds\/453.3 million euros\/482.2 million dollars).<\/p>\n<p>Star Entertainment Group has also secured an agreement with Barclays Bank and Westpac Banking Corporation for a new debt financing arrangement amounting to 450 million Australian dollars. This encompasses a revolving credit facility of 150 million Australian dollars with a four-year term and an underwriting loan of 300 million Australian dollars, also extending for four years.<\/p>\n<p>Star Entertainment Group stated that this arrangement will facilitate the repayment and cancellation of all existing debt, providing more adaptable support for ongoing operations and funding requirements. The debt maturity date is not anticipated before the second half of 2027.<\/p>\n<p>&#8220;Today&#8217;s announcement marks a crucial achievement in Star Entertainment Group&#8217;s transformation,&#8221; remarked Robbie Cook, CEO and Managing Director of Star Entertainment Group. &#8220;With an optimized capital structure, a fortified balance sheet, and enhanced flexibility, we possess a robust foundation to execute our transformation plans and strategic priorities.&#8221;<\/p>\n<p>The share price of Star Entertainment Group has declined to A$2. <\/p>\n<p>The Star Entertainment Group has unveiled its most recent financial report, exposing a $4 billion AUD deficit in the previous year. This follows the company&#8217;s declaration of a $2.4 billion AUD annual shortfall last month. The company attributed the financial shortcomings to depreciation charges on its Sydney, Gold Coast and Brisbane gaming establishments.<\/p>\n<p>The annual report, encompassing the period concluding June 30, 2023, incorporated approximately $2.8 billion AUD in expenses categorized as &#8220;major undertakings.&#8221; This follows a string of fines and penalties in recent years.<\/p>\n<p>These expenses include a $2.2 billion AUD non-cash depreciation of goodwill and real estate assets at the Treasury hotels in Sydney, Gold Coast and Brisbane. Moreover, there were $595 million AUD in regulatory and legal expenditures, $54 million AUD in debt restructuring expenses, and $16 million AUD in staff reduction costs.<\/p>\n<p>Sign up for the iGaming news newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Star Entertainment Group has declared a significant capital reorganization strategy, leading to a temporary halt in trading on the Australian Securities Exchange (ASX). Trading of the company&#8217;s stock has been suspended on the ASX, commencing today (September 25) and continuing until the commencement of trading on September 27. The ASX has granted approval for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Star Entertainment Halts Trading on ASX<\/title>\n<meta name=\"description\" content=\"Star Entertainment Group suspends trading on the ASX for a capital reorganization strategy. Trading will resume on September 27.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Star Entertainment Group Halts Trading, Announces Capital Reorganization\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Star Entertainment Group suspends trading on the ASX for a capital reorganization strategy. Trading will resume on September 27.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-26T18:50:57+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/tashirodc.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"headline\":\"Star Entertainment Group Halts Trading, Announces Capital Reorganization\",\"datePublished\":\"2024-06-26T18:50:57+00:00\",\"dateModified\":\"2024-06-26T18:50:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/\"},\"wordCount\":389,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/tashirodc.com\/#organization\"},\"articleSection\":[\"Gambling\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/\",\"url\":\"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/\",\"name\":\"Star Entertainment Halts Trading on ASX\",\"isPartOf\":{\"@id\":\"https:\/\/tashirodc.com\/#website\"},\"datePublished\":\"2024-06-26T18:50:57+00:00\",\"dateModified\":\"2024-06-26T18:50:57+00:00\",\"description\":\"Star Entertainment Group suspends trading on the ASX for a capital reorganization strategy. Trading will resume on September 27.\",\"breadcrumb\":{\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/tashirodc.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Star Entertainment Group Halts Trading, Announces Capital Reorganization\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tashirodc.com\/#website\",\"url\":\"https:\/\/tashirodc.com\/\",\"name\":\"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling\",\"description\":\"Indulge in the excitement of licensed online gambling with our fresh news, detailed reviews, and informative articles. Elevate your gaming journey at our trusted casino platform.\",\"publisher\":{\"@id\":\"https:\/\/tashirodc.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tashirodc.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/tashirodc.com\/#organization\",\"name\":\"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling\",\"url\":\"https:\/\/tashirodc.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/tashirodc.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/tashirodc.com\/wp-content\/uploads\/sites\/4\/2024\/06\/free-icon-five-stars-e1718096048770.png\",\"contentUrl\":\"https:\/\/tashirodc.com\/wp-content\/uploads\/sites\/4\/2024\/06\/free-icon-five-stars-e1718096048770.png\",\"width\":150,\"height\":150,\"caption\":\"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling\"},\"image\":{\"@id\":\"https:\/\/tashirodc.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/tashirodc.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/tashirodc.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"contentUrl\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"caption\":\"admin\"},\"description\":\"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.\",\"sameAs\":[\"http:\/\/theworldcasino.vip\"],\"url\":\"https:\/\/tashirodc.com\/author\/ezvhu8xt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Star Entertainment Halts Trading on ASX","description":"Star Entertainment Group suspends trading on the ASX for a capital reorganization strategy. Trading will resume on September 27.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/","og_locale":"en_GB","og_type":"article","og_title":"Star Entertainment Group Halts Trading, Announces Capital Reorganization","og_description":"Star Entertainment Group suspends trading on the ASX for a capital reorganization strategy. Trading will resume on September 27.","og_url":"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/","og_site_name":"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling","article_published_time":"2024-06-26T18:50:57+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/#article","isPartOf":{"@id":"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/"},"author":{"name":"admin","@id":"https:\/\/tashirodc.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0"},"headline":"Star Entertainment Group Halts Trading, Announces Capital Reorganization","datePublished":"2024-06-26T18:50:57+00:00","dateModified":"2024-06-26T18:50:57+00:00","mainEntityOfPage":{"@id":"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/"},"wordCount":389,"commentCount":0,"publisher":{"@id":"https:\/\/tashirodc.com\/#organization"},"articleSection":["Gambling"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/","url":"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/","name":"Star Entertainment Halts Trading on ASX","isPartOf":{"@id":"https:\/\/tashirodc.com\/#website"},"datePublished":"2024-06-26T18:50:57+00:00","dateModified":"2024-06-26T18:50:57+00:00","description":"Star Entertainment Group suspends trading on the ASX for a capital reorganization strategy. Trading will resume on September 27.","breadcrumb":{"@id":"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/tashirodc.com\/2024\/06\/26\/star-entertainment-group-halts-trading-announces-capital-reorganization\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/tashirodc.com\/"},{"@type":"ListItem","position":2,"name":"Star Entertainment Group Halts Trading, Announces Capital Reorganization"}]},{"@type":"WebSite","@id":"https:\/\/tashirodc.com\/#website","url":"https:\/\/tashirodc.com\/","name":"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling","description":"Indulge in the excitement of licensed online gambling with our fresh news, detailed reviews, and informative articles. Elevate your gaming journey at our trusted casino platform.","publisher":{"@id":"https:\/\/tashirodc.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tashirodc.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/tashirodc.com\/#organization","name":"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling","url":"https:\/\/tashirodc.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/tashirodc.com\/#\/schema\/logo\/image\/","url":"https:\/\/tashirodc.com\/wp-content\/uploads\/sites\/4\/2024\/06\/free-icon-five-stars-e1718096048770.png","contentUrl":"https:\/\/tashirodc.com\/wp-content\/uploads\/sites\/4\/2024\/06\/free-icon-five-stars-e1718096048770.png","width":150,"height":150,"caption":"Experience the Best of Online Casino Gaming | Licensed &amp; Thrilling"},"image":{"@id":"https:\/\/tashirodc.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/tashirodc.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/tashirodc.com\/#\/schema\/person\/image\/","url":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","contentUrl":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","caption":"admin"},"description":"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.","sameAs":["http:\/\/theworldcasino.vip"],"url":"https:\/\/tashirodc.com\/author\/ezvhu8xt\/"}]}},"_links":{"self":[{"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/posts\/254"}],"collection":[{"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/comments?post=254"}],"version-history":[{"count":0,"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/posts\/254\/revisions"}],"wp:attachment":[{"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/media?parent=254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/categories?post=254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tashirodc.com\/wp-json\/wp\/v2\/tags?post=254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}