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.
Based on a share price of $5.68, being the closing price of The Star Entertainment Group shares on the Australian Securities Exchange on the Record Date, an Unmarketable Parcel was any holding of 88 shares or less. 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. This online casino site has some of the most extensive gaming catalogues.
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The “core” of Queen’s Wharf Brisbane, described by the government as an “integrated resort”, was expected to open next year. In addition to the casino, it would include high-end retail, hotels, restaurants and a residential tower. Star Entertainment’s new casino forms a major component of the $3.6 billion Queen’s Wharf Brisbane project spruiked by the Queensland government for its economic benefits.
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The NSW Independent Casino Commission has officially begun a new regulatory regime to oversee the state’s two Sydney-based casinos. “The people who are visiting our three premises at Brisbane, Gold Coast and Sydney are spending more money,” he said. “Nobody travels around the world to go to casinos anymore because there are casinos pretty much everywhere you go,” he said. Regardless of the inquiry’s findings, Livingstone doubted the Queensland government would revoke Star’s licence. Concerns were first brought to the regulator’s attention by reports from Nine newspaper mastheads and 60 Minutes.
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