- The Star Entertainment Group (SGR) has seen its casino hotels impacted by the latest COVID-19 restrictions around Australia
- SGR owns The Star Sydney, The Star Gold Coast and Treasury Brisbane
- In New South Wales, The Star Sydney will remain close until at least 11:59 pm on July 9
- Meanwhile its Queensland properties will see some new restrictions, which include mask-wearing and capacity limitations
- On the market this afternoon, SGR is down 1.22 per cent and is trading at $3.65 per share
The Star Entertainment Group’s (SGR) The Star properties in Queensland and New South Wales have been impacted by the latest COVID-19 restrictions.
The company owns The Star Sydney, The Star Gold Coast and Treasury Brisbane.
Due to the latest COVID-19 outbreaks around Australia, nearly all of the states are in restrictions and/or lockdowns. This has impacted many businesses around Australia.
The Star Sydney will remain closed until at least 11:59 pm on July 9, apart from limited hotel facilities. However, SGR says it will continue to pay its staff during the seven-day stay-at-home period.
Over in Queensland, the State Government has announced restrictions. This SGR’s Star properties in Gold Coast and Brisbane will have a capacity limited to one person per four square metres indoors and one person per two square metres outdoors.
Restrictions also include mask-wearing and patrons must be seated while eating or drinking.
On the market this afternoon, SGR is down 1.22 per cent and is trading at $3.65 per share at 3:28 pm AEST.