We prioritise the health and wellbeing of our guests and provide a safe gambling experience in a responsible and ethical way.
We want our guests to sustainably enjoy the leisure and entertainment activities we offer. The Star encourages guests to establish healthy relationships with our gambling products and services. Health and wellbeing are our priorities, and we take good care of our guests by providing adequate information and evidence-based initiatives.
Safer gambling means someone who is:
Our commitment is structured by four key strategic pillars that guide our decision-making and action across all levels of the business.
Pillar 1: Enhancing a safer gambling culture
A public health response to gambling harm that considers individuals and the community-at-large is embedded in our culture. All levels of the business are trained to identify risky and problem gambling behaviours proactively and are empowered to raise concerns and act.
Pillar 2: Caring for our guests
We take good care of our guests by ensuring that they have access to adequate information, tools and ability to set limits and manage play. We build trusted connections and facilitate help-seeking for those who are at risk or experiencing challenges with their gambling.
Pillar 3: Leveraging data insights
Pillar 4: Engaging with our stakeholders
We all have a role in keeping individuals and the community safe from gambling harm. We engage with leading experts, helping professionals, industry peers and community representatives to collaborate in an open dialogue for continuous improvement.
The Star has a long-standing commitment to supporting its guests to make informed decisions about gambling. To deliver a higher standard and go beyond regulators’ and communities’ expectations, we welcome innovative technology and actively develop new measures and tools to inform and influence safer gambling attitudes and behaviour. We continue to build trusted partnerships fostering collaborative approaches that support our guests to enjoy gambling without costs to their health and wellbeing. By embedding a solid culture of safer gambling and recognising everyone’s unique role, we lead with integrity and care to provide a safe, supportive, and inclusive gambling environment for all.
The Star Entertainment Group announced on 5 April 2016 share sale facilities that provided eligible small shareholders the opportunity to sell their shares without incurring any brokerage or handling costs.
Participation in the separate share sale facilities were open to eligible shareholders whose registered address was in Australia or New Zealand as at 7.00pm (Sydney time) on 29 March 2016 (Record Date) and who were:
On 5 April 2016, eligible shareholders were sent a letter together with a Share Retention Form (for the Small Holding Sale Facility) or a Sale Instruction Form (for the Voluntary Share Sale Facility), and Terms and Conditions for the relevant share sale facility.
Both share sale facilities closed at 5:00pm (Sydney time) on 17 May 2016 (Closing Date).
All participants who had their SGR shares sold under either the Small Holding Sale Facility or the Voluntary Share Sale Facility received the same average price of $5.51 per share, which was calculated by dividing the total proceeds from the sale of all SGR shares sold under the facilities by the total number of SGR shares sold under the facilities.
Payment of the sale proceeds were made to participating shareholders on 27 May 2016 in accordance with their payment instructions as recorded on the share register.
Small Holding Sale Facility
The Small Holding Sale Facility was conducted in accordance with The Star Entertainment Group’s Constitution and the Australian Securities Exchange Listing Rules that enables all listed companies to sell shareholdings valued at less than $500 (Unmarketable Parcel).
Based on a share price of $5.68, being the closing price of The Star Entertainment Group (SGR) shares on the Australian Securities Exchange on the Record Date, an Unmarketable Parcel was any holding of 88 shares or less.
Eligible shareholders who wished to retain their Unmarketable Parcel were required to return a Share Retention Form to the share registry by the Closing Date.
Small Holding Facility Key Dates:
Voluntary Share Sale Facility
The Voluntary Share Sale Facility was conducted in accordance with Class Order CO 08/10 issued by the Australian Securities and Investment Commission.
Eligible shareholders who wished to sell their shares under the Voluntary Share Sale Facility were required to return a Sale Instruction Form by the Closing Date.
Voluntary Holding Facility Key Dates:
For full details of the Small Holding Sale Facility and the Voluntary Share Sale Facility, please see the ASX Announcement dated 5 April 2016 in the News section of our website.
The demerger of The Star Entertainment Group (formerly known as Echo Entertainment Group Limited) from Tabcorp Holdings Limited (Tabcorp) was implemented on 15 June 2011 by way of Scheme of Arrangement pursuant to the Tabcorp Scheme Booklet dated 15 April 2011 (Demerger).
As part of the Demerger, Tabcorp sought a ruling from the Australian Taxation Office on the taxation implications for shareholders. On 29 June 2011, the Australian Taxation Office issued Class Ruling CR 2011/66, in accordance with the application made by Tabcorp. A copy of the Class Ruling CR 2011/66 can be viewed here.
A Tax Calculator is provided below to assist shareholders in calculating the Australian capital gains tax cost base allocation for Tabcorp shares and The Star Entertainment Group shares. The Tax Calculator is a general guide only and does not constitute tax advice. Shareholders should seek advice from an appropriate professional adviser on the tax implications of the Demerger based on their own individual circumstances.