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The latest announcement is out from Star Entertainment Group Limited ( (AU:SGR) ).
The Star Entertainment Group reported a revenue of $270 million for Q4 FY25, maintaining the same level as Q3, but faced an EBITDA loss of $27 million due to ongoing regulatory challenges and mandatory carded play and cash limits in NSW. The company secured strategic investments from Bally’s Corporation and Investment Holdings, totaling $300 million, and completed the sale of the Sydney Event Centre for $60 million. Additionally, The Star is negotiating its exit from the Destination Brisbane Consortium, with ongoing discussions to finalize agreements, while its ability to continue as a going concern depends on several key financial matters.
The most recent analyst rating on (AU:SGR) stock is a Sell with a A$0.26 price target. To see the full list of analyst forecasts on Star Entertainment Group Limited stock, see the AU:SGR Stock Forecast page.
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 in Australia. The company offers gaming, entertainment, and hospitality services, with properties in Sydney, Gold Coast, and Brisbane.
Average Trading Volume: 9,840,005
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$329.6M
For an in-depth examination of SGR stock, go to TipRanks’ Overview page.