FINWIRES · TerminalLIVE
FINWIRES

The Star Entertainment Updates on Remediation Plan Progress, Casino License Reinstatement Pending

By

The Star Entertainment (ASX:SGR) said it is continuing to deliver and embed the key elements of its remediation plan, with workstreams including the decentralization of its operating model and technology enhancements to shape safer gambling behaviors, according to a Thursday Australian bourse filing.

The company said the decentralisation is designed to promote greater accountability and efficiency at the property level, while the technology enhancements aim to ensure appropriate ongoing monitoring.

The reinstatement of The Star Sydney's casino license and withdrawal of the deferred suspension of The Star Gold Coast's casino license remain subject to ongoing discussions with the respective regulators, with an update expected later in the year, the filing added.

The company's shares fell 3% on market close.

Related Articles

Asia

Uranium Producers Rise as New South Wales Uranium Bill Passes into Law

Shares of Australia-listed uranium producers rose in recent Thursday trade as the New South Wales Uranium Bill was passed into law on Monday, according to a Thursday statement by the Minerals Council of Australia.Shares of Deep Yellow (ASX:DYL) rose 5%, while Paladin Energy (ASX:PDN) gained 7% and Nexgen Energy (ASX:NXG) added 6%.The new legislation removes the NSW prohibitions on uranium mining and nuclear energy, according to the statement.

ASX:DYLASX:NXGASX:PDN
Asia

Zeotech Starts Air-Core Drilling at Queensland Project

Zeotech (ASX:ZEO) started a new air-core drilling program at the Toondoon project in Queensland, with 119 holes covering 3,500 meters, according to a Thursday filing with the Australian bourse.The program, designed to increase confidence in the project's mineral resource, will focus on infill grade control drilling on mining lease 80126 and step-out exploration targeting high-prospect areas across exploration permits 27395 and 27866, the filing said.

ASX:ZEO
Asia

China to Issue Treasury Bonds Amounting to 84 Billion Yuan in Hong Kong

China's Ministry of Finance plans to issue 84 billion yuan in treasury bonds in Hong Kong this year, the ministry said in a Wednesday disclosure.The renminbi-denominated treasury bonds in Hong Kong for this year are higher than the 68 billion yuan issued a year earlier, Xinhua reported on the same day.The bonds for this year will be issued in six tranches, with the first two amounting to 29.5 billion yuan already issued in February and April, according to the ministry.

Shanghai Composite^SZSE