Star Entertainment Group Limited (AU:SGR) has released an update.
Star Entertainment Group Limited has reported challenging trading conditions, expecting its revenue for the fiscal year 2024 to be between $1,675 million and $1,685 million with Group EBITDA forecasted to range from $165 million to $180 million. Premium Gaming Rooms revenue is on a downward trend, significantly impacting overall figures despite a stable performance on the Main Gaming Floor. The company is currently working on reducing operating costs and is progressing in negotiations for the sale of key assets, including the Treasury casino and other non-core assets.
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