The Star Entertainment Group Limited
ASX Code
SGR
Sector
Consumer Services
Investor Centre
https://www.starentertainmentgroup.com.au/investorcentre
Website
https://www.starentertainmentgroup.com.au/
About
The Star Entertainment Group (formerly known as Echo Entertainment Group) is an ASX 100 listed company that owns and operates The Star Sydney, The Star Gold Coast and Treasury Brisbane. The Star Entertainment Group has also acquired the Sheraton Grand Mirage on the Gold Coast in a joint venture and manages the Gold Coast Convention and Exhibition Centre on behalf of the Queensland Government. On 16 November 2015 the company name changed from Echo Entertainment Group to The Star Entertainment Group as part of a transition to a single brand architecture across the group. Underpinned by the multi-billion dollar transformational projects planned or in progress at our properties, the unified brand is integral to The Star Entertainment Group’s vision to become Australia’s leading integrated resort company. The Star Entertainment Group is committed to optimising its properties, supporting the communities in which we operate, and capitalising on the opportunities presented by our world-class locations in Sydney, Brisbane and Gold Coast. On 16 November 2015, The Star Entertainment Group and its joint venture partners Chow Tai Fook Enterprises and Far East Consortium reached contractual close with the Queensland Government on a $3 billion redevelopment of Queen's Wharf in Brisbane. Expected to open in 2022, Queen’s Wharf Brisbane will deliver transformational impacts on Queensland jobs, training and tourism, both domestic and international. The Star Entertainment Group has also entered into further joint venture agreements with its partners to expand and improve the value proposition of our properties in Sydney and The Gold Coast. In Sydney plans for a new hotel and apartment tower have been announced involving an investment of up to $500 million. This is in addition to a further $500 million of improvements and refurbishments to The Star Sydney. Internationally acclaimed architects FJMT won a design competition for the new hotel which will be operated by one of the world’s most recognisable luxury brands, The Ritz-Carlton. The Darling at The Star Gold Coast was completed ahead of the Gold Coast 2018 Commonwealth Games, while in a further joint venture with Chow Tai Fook and Far East Consortium, the construction of a 53-story hotel and apartment tower will commence this year. Together, these projects and associated works will represent an investment of up to $850 million at The Star Gold Coast.