The Star Entertainment Group (ASX:SGR) Extends $5,000 Daily Cash Limit Until 2027
Regulatory Update
The Star Entertainment Group Limited (ASX: SGR) announced that the NSW Government has decided to maintain the current daily cash limit of $5,000 for gaming customers at The Star Sydney until 19 August 2027. Previously, under approved transitional arrangements, the limit was set to reduce to $1,000 from 19 August 2025. The decision allows the higher cash limit to remain in effect for an additional two years, contingent upon monitoring cash usage for gaming and providing ongoing reports to Liquor & Gaming NSW. The deferral may be revoked at any time during the two-year period leading up to 19 August 2027.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
