Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Star Entertainment Group Limited ( (AU:SGR) ) has issued an update.
The Star Entertainment Group reported a challenging third quarter for FY25, with a revenue decline of 9% from the previous quarter and an EBITDA loss of $21 million. The company attributed these results to seasonal revenue softening, reduced gaming visitation, and adverse weather events leading to property closures in Queensland. The Star is undergoing strategic changes, including exiting its equity interest in the Destination Brisbane Consortium and securing a strategic investment from Bally’s Corporation and Investment Holdings Pty Ltd. Despite these efforts, there remains significant uncertainty about the company’s ability to continue as a going concern, with key initiatives critical to liquidity being the completion of strategic investments and asset sales.
More about Star Entertainment Group Limited
The Star Entertainment Group Limited operates within the entertainment and hospitality industry, focusing on casino and resort management. It offers gaming, entertainment, and hospitality services primarily in Australia, with significant operations in Sydney, Gold Coast, and Brisbane.
YTD Price Performance: -9.17%
Average Trading Volume: 10,000
Technical Sentiment Signal: Buy
Current Market Cap: $193.5M
Learn more about SGR stock on TipRanks’ Stock Analysis page.