{"id":777002051,"date":"2023-02-03T14:28:00","date_gmt":"2023-02-03T17:28:00","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777002051"},"modified":"2026-04-23T00:57:07","modified_gmt":"2026-04-23T03:57:07","slug":"australian-retirement-trust-ups-investment-in-the-star","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/australian-retirement-trust-ups-investment-in-the-star","title":{"rendered":"Australian Retirement Trust ups investment in The Star"},"content":{"rendered":"\n<p>The  Australian Retirement Trust has increased its investment in The Start to 5.65 per cent.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.-&nbsp;<strong>The Australian Retirement Trust<\/strong>, one of the country&#8217;s largest superannuation funds with over 2 million members, has increased its investment in The Star Entertainment Group. According to a company filing,<strong>&nbsp;it acquired 53,832,870 ordinary shares<\/strong>, representing a 5.655 per cent of the voting power in the company.<\/p>\n\n\n\n<p>This news comes after US-based bank and trust, State Street, altered its holdings in The Star. According to Asia Gaming Brief, the bank initially increased its stake to 7.6 per cent of the voting power, only to decrease it to 6.34 per cent the following day and then increase it to 7.47 per cent.<\/p>\n\n\n\n<p>The casino operator&#8217;s constitution and agreements with&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/nsw-announces-new-responsible-conduct-of-gambling-training-framework\" target=\"_blank\">Liquor and Gaming New South Wales<\/a>&nbsp;and the Queensland Office of Liquor and Gaming Regulation prohibit an individual from having a voting power of more than 10 per cent. It may refuse to register any transfer of shares which would contravene this restriction or require divestiture.<\/p>\n\n\n\n<p>Also this week, State Street purchased stocks in Australian sports betting firm <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/pointsbet-posts-turnover-of-us935-3m-for-q2\" data-type=\"URL\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/pointsbet-posts-turnover-of-us935-3m-for-q2\" target=\"_blank\">PointsBet<\/a>, taking its holding to 5.04 per cent of voting power in the firm.<\/p>\n\n\n\n<p><strong>See also:<\/strong>&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/the-star-entertainment-group-confirms-board-renewals\" rel=\"noreferrer noopener\">The Star Entertainment Group confirms board renewals<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian Retirement Trust has increased its investment in The Start to 5.65 per cent.<\/p>\n","protected":false},"author":176,"featured_media":25794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Australian Retirement Trust has increased its investment in The Star Entertainment Group to 5.65%, becoming a significant institutional investor. This follows fluctuating holdings by State Street in The Star and a new investment in PointsBet, all occurring within a regulatory framework that caps individual voting power in The Star at 10%.","focusai_entities":"Australian Retirement Trust, The Star Entertainment Group, State Street, Liquor and Gaming New South Wales, Queensland Office of Liquor and Gaming Regulation, PointsBet","focusai_location":"Australia, New South Wales, Queensland, United States","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.85)","focusai_suggestions":[{"label":"ART's Strategic Influence?","query":"How might the Australian Retirement Trust's increased institutional ownership influence The Star Entertainment Group's capital allocation strategy or its ongoing regulatory remediation efforts?"},{"label":"State Street's Market Signal?","query":"What are the potential implications of State Street's fluctuating stake in The Star, and how does this reflect broader institutional investor sentiment towards the Australian gaming market's regulatory environment?"}],"footnotes":""},"categories":[16336,157],"tags":[23871],"class_list":["post-777002051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-the-star-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777002051"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002051\/revisions"}],"predecessor-version":[{"id":777002081,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002051\/revisions\/777002081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25794"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}