Following an FY22 year to date update, Macquarie suggests that while the Sydney licence review will keep the market on hold in the near term, fresh hope to see more normal trading given vaccine rates is sufficient to upgrade Star Entertainment's FY22 forecasts.

Outperform and $4.25 target retained, with Star the broker's preferred gaming stock.

Sector: Consumer Services.

Target price is $4.25.Current Price is $3.66. Difference: $0.59 - (brackets indicate current price is over target). If SGR meets the Macquarie target it will return approximately 14% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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