Star Entertainment Group has been suspended from trading on the Australian Stock Exchange after a failure to post financial results.
The group received a copy of the NSW Independent Casino Commission’s Bell Report findings on Friday, August 30 – the day it was due to publish the year’s results.
The halt was granted while the group considered the report’s findings, with trading initially set to resume today.
However, the ASX said today the group’s securities would be “suspended from quotation” from today “for not lodging the relevant periodic report by the due date”.
The latest report found that the group had not moved quickly enough to confront culture and governance problems unearthed in 2022.
The NICC is also considering the findings of the report, which could have implications for the The Star’s future.
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