Overview of show cause notice response by The Star Entertainment Group

The Star Entertainment Group Limited (ASX:SGR) has been served a 'show cause' notice by the New South Wales Independent Casino Commission (NICC) in response to the Bell Two Report. The notice requests submissions regarding the Company's actions in light of the report's findings, including its suitability to hold the casino licence for The Star Sydney and progress in implementing a remediation plan. The Star is expected to provide a response by Friday 27 September 2024.

Executive Commentary on Show Cause Notice

The Star Entertainment Group is committed to engaging constructively with the New South Wales Independent Casino Commission in response to the show cause notice. We are taking the matters raised in the notice and the Bell Two Report seriously and are dedicated to addressing the findings and concerns outlined. Our ongoing discussions with various stakeholders and advisers, including state governments, regulators, and lenders, reflect our commitment to ensuring transparency and accountability in our efforts to address the issues highlighted.

Summary of Show Cause Notice Response

The Star Entertainment Group (ASX:SGR) has been served a 'show cause' notice by the New South Wales Independent Casino Commission following the release of the Bell Two Report. The notice requests submissions regarding the Company's actions in response to the report's findings, including its suitability to hold the casino licence for The Star Sydney and progress in implementing a remediation plan. The Company is expected to provide a response by Friday 27 September 2024. The Star is dedicated to engaging constructively with the NICC and is actively working with various stakeholders and advisers to address the concerns raised and ensure transparency and accountability in its efforts to resolve the issues.