BRIEF-Star Entertainment Announces A$300 Million Strategic Investment Into Star

Reuters

04-07

BRIEF-Star Entertainment Announces A$300 Million Strategic Investment Into Star

April 7 (Reuters) - Star Entertainment Group Ltd SGR.AX:

A$300 MILLION STRATEGIC INVESTMENT INTO STAR
HAS ENTERED INTO A BINDING TERM SHEET WITH BALLY'S CORPORATION
A$100 MILLION IS EXPECTED TO BE PAID TO STAR ON OR BEFORE 9 APRIL
BOARD OF STAR INTENDS TO UNANIMOUSLY RECOMMEND THAT STAR SHAREHOLDERS VOTE IN FAVOUR OF TRANSACTION
DIRECTORS ARE CURRENTLY FINALISING STAR'S FINANCIAL ACCOUNTS FOR PERIOD ENDED 31 DECEMBER 2024
ENGAGING WITH INVESTMENT HOLDINGS FOR A POSSIBLE SUBSCRIPTION OF UP TO A$100 MILLION OF INVESTMENT

Further company coverage: SGR.AX

((Reuters.Briefs@thomsonreuters.com;))

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