BRIEF-Star Entertainment Says Agreement To Exit Destination Brisbane Consortium

Reuters

03/07

March 7 (Reuters) - Star Entertainment Group Ltd SGR.AX:

AGREEMENT TO EXIT DESTINATION BRISBANE CONSORTIUM AND CONSOLIDATE STAR'S POSITION AT GOLD COAST
WILL DISPOSE OF ITS 50% EQUITY INTEREST IN DESTINATION BRISBANE CONSORTIUM
WILL ACQUIRE JV PARTNERS' INTERESTS IN DORSETT AND ANDAZ AT STAR GOLD COAST
AN UPFRONT CASH PAYMENT OF A$53 MILLION UNDER TRANSACTION

Further company coverage: SGR.AX

((Reuters.Briefs@thomsonreuters.com;))

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