GOING CONCERN
The following matters detailed in note B3 create a material uncertainty as to the Group’s ability to remain a going concern:
• The capability of the Group to return to suitability, which will be assessed by regulators in Queensland by 31 May
2024 and NSW by 30 June 2024; and
• The outcomes of provisions and contingent liabilities including the AUSTRAC civil penalty proceedings, underpaid
casino duty and outstanding class action.
Return to suitability
In November 2023, the NICC requested that the term of the appointment of the Manager at the Sydney Casino be
extended by regulation to 30 June 2024, unless terminated earlier by the NICC. The NICC has advised that this is intended
to be the final extension of the Manager’s term. In Queensland, the date of effect of the 90-day deferred casino licence
suspensions was changed to 31 May 2024 and the term of the Special Manager was extended by 12 months to 8
Ann: H1 FY24 Results Presentation, page-32
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SGR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
48.0¢ |
Change
0.005(1.05%) |
Mkt cap ! $1.376B | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 48.3¢ | 47.5¢ | $2.277M | 4.759M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 408058 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 423899 | 11 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| SGR (ASX) Chart |