An update from Star Entertainment Group Limited ( (AU:SGR) ) is now available.
The Star Entertainment Group reported a challenging financial performance for the first half of FY25, with a statutory net loss of $302 million and a normalised EBITDA loss of $26 million. The company’s operations were impacted by mandatory carded play, cash limits, and competitive pressures from pubs and clubs. Despite achieving $100 million in cost savings, The Star faces liquidity challenges, relying on a strategic investment from Bally’s Corporation and Investment Holdings, and the sale of The Star Sydney Event Centre. The company is focused on initiatives to improve performance and liquidity, including exiting the Destination Brisbane Consortium and implementing a revised remediation plan approved by regulatory authorities.
More about Star Entertainment Group Limited
The Star Entertainment Group Limited operates in the entertainment and hospitality industry, primarily focusing on casino and resort operations. The company manages properties such as The Star Sydney, The Star Gold Coast, and The Star Brisbane, catering to both domestic and international markets.
YTD Price Performance: -9.17%
Average Trading Volume: 11,900
Technical Sentiment Signal: Buy
Current Market Cap: $198.4M
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