Star Casino has entered a trading halt on the stock market ahead of the public release of a report about the suitability of the company to hold a gaming license in New South Wales.
Star Entertainment requested its shares be put on a trading halt on Monday morning following a report from The Australian which said the inquiry led by Adam Bell SC has recommended its gaming license in NSW be revoked, unless it undertakes compliance reform a number of compliance steps and overhaul its board.
The halt will end either on Wednesday or when the report is released.
The Bell report was handed to the state government earlier this month but is yet to be publicly released.
In a statement this morning, Star Entertainment did not comment on its trading halt but said the report’s release is imminent.
The Star Entertainment Group Limited notes media attention this morning on the yet-to-be-released report from the review of The Star Sydney undertaken by Mr Adam Bell SC in accordance with the Casino Control Act 1992,” the statement said.
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“The Star has not received a copy of the report, is unaware of its contents, but understands the report will be released soon.
“The Star will make a further statement after the report is received.
