Overview of Show Cause Notice served to 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 relation to matters arising from the Bell Two Report. The notice follows the release of the final report of the 2024 Independent Inquiry into The Star, conducted by Adam Bell SC, and includes requests for submissions regarding the Company's actions, suitability to hold the casino license for The Star Sydney, progress in its remediation plan, and its current financial position. The Star is expected to respond to the notice by Friday 27 September 2024 and is currently evaluating the matters raised in the notice and the Bell Two Report.

Executive Commentary on Show Cause Notice and NICC's Consideration

The Star Entertainment Group is committed to addressing the concerns raised in the show cause notice and the findings of the Bell Two Report. We are cooperating fully with the New South Wales Independent Casino Commission and are in the process of formulating our response to the notice. The Company is dedicated to working with all relevant stakeholders and advisors to ensure compliance with regulatory requirements and to address any issues identified. We will continue to provide updates as the situation progresses.

Summary of Show Cause Notice and Outlook

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 requires the Company to make submissions regarding its actions, suitability to hold the casino license for The Star Sydney, progress in its remediation plan, and its current financial position. The NICC is considering disciplinary action based on the findings of the 2024 Independent Inquiry, and the Company is expected to respond by 27 September 2024. The Star Entertainment Group remains committed to addressing the concerns raised and working with relevant stakeholders to ensure compliance and resolution of the issues identified.