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Star Entertainment Group (ASX:SGR), the casino operator, has inflicted heavy losses on fund managers amid regulatory and financial distress. In September 2024, Spheria Asset Management reported Star's shares fell 34% when trading resumed after the release of delayed FY24 results, noting a significant number of moving parts. Wilson Asset Management said Star detracted from performance but continues to see significant value while acknowledging the risks. In September 2023, Spheria noted a 34% fall after a deeply discounted capital raising. Star Entertainment operates in the Consumer Discretionary sector within the Hotels, Restaurants and Leisure industry, and Thesis Tracker has captured 3 comments from 2 fund managers, Spheria and Wilson Asset Management. Established in 2011 and headquartered in Brisbane, Star Entertainment operates integrated resorts including The Star Sydney, The Star Gold Coast and Treasury Brisbane, offering casino gaming, hotels, dining and entertainment.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Spheria Asset Management and Wilson Asset Management have invested in Star Entertainment Group Ltd (ASX:SGR).
Wilson Asset Management continues to see significant value in Star's casino and resort assets despite the challenges, suggesting upside if the company can stabilise its finances and regulatory position.
Spheria and Wilson highlight delayed financial results, a sharp sell-off when trading resumed, deeply discounted capital raisings and numerous regulatory and financial uncertainties.
The Star Entertainment Group Ltd. is an Australian integrated resort operator established in 2011 and headquartered in Brisbane. The company manages casino operations alongside hotel, dining, bar, and entertainment facilities. It operates through three primary segments: Sydney, Gold Coast, and Brisbane. Each segment provides comprehensive hospitality and gaming services. The Star Entertainment Group maintains these core assets to deliver integrated leisure and tourism experiences across its Australian locations.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.