SGR 0.00% 45.0¢ the star entertainment group limited

Ann: Trading Update, Cost Initiatives & Sydney Strategic Review, page-221

  1. 1,777 Posts.
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    it was 5% of CWN's last market cap before takeover

    5% of SGR's is around $100m now but if they want to date it back to another period, it could range to $150m

    the 5% of market cap was actually advised by AUSTRAC's chief, ASIC also made note of the provision

    It's also in line with the states fines

    I will be extremely surprised if it exceeds $150m - AUSTRAC is here to set an example and with the calamity star has had and CWN had they have made their point, any further fines that will severely hinder SGR will backfire
 
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