Top Page
Star Entertainment Group Limited
(OTC:SGR)
Star Entertainment Group Limited (SGR) vs. iShares MSCI Australia ETF (EWA)
Star Entertainment Group Limited Business Overview & Revenue Model
Star Entertainment Group Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.27B | 1.36B | 1.67B | 1.86B | 1.53B | 1.55B |
| Gross Profit | 307.60M | 396.60M | 1.58B | 828.40M | 643.00M | 680.20M |
| EBITDA | -204.60M | -96.70M | -1.39B | -2.52B | 43.30M | 354.00M |
| Net Income | -471.50M | -471.50M | -1.68B | -2.44B | -202.50M | 57.90M |
Balance Sheet | ||||||
| Total Assets | 1.78B | 1.78B | 1.90B | 3.26B | 5.37B | 5.46B |
| Cash, Cash Equivalents and Short-Term Investments | 267.00M | 267.00M | 299.60M | 88.70M | 82.00M | 67.90M |
| Total Debt | 598.30M | 598.30M | 301.80M | 757.20M | 1.33B | 1.29B |
| Total Liabilities | 1.38B | 1.38B | 1.06B | 1.49B | 1.94B | 1.85B |
| Stockholders Equity | 403.20M | 403.20M | 833.30M | 1.77B | 3.43B | 3.61B |
Cash Flow | ||||||
| Free Cash Flow | -248.70M | -213.00M | -30.30M | -147.90M | -15.50M | 301.10M |
| Operating Cash Flow | -179.80M | -144.10M | 46.00M | -12.60M | 127.30M | 403.20M |
| Investing Cash Flow | -36.30M | -30.30M | -94.80M | -160.60M | -123.70M | -187.30M |
| Financing Cash Flow | 220.30M | 141.80M | 259.70M | 98.10M | 10.50M | -214.10M |
Star Entertainment Group Limited Technical Analysis
Star Entertainment Group Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$179.28M | 19.63 | 43.45% | 5.00% | -4.01% | -12.08% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | AU$341.85M | 16.06 | 6.11% | 18.72% | 12.22% | 558.33% | |
55 Neutral | AU$2.29B | 62.50 | 2.89% | 2.00% | 8.62% | ― | |
45 Neutral | AU$862.38M | -0.87 | -65.81% | ― | -31.07% | 74.57% | |
43 Neutral | AU$312.83M | -16.42 | -142.61% | ― | 6.47% | 60.03% |
Star Entertainment Group Limited Corporate Events
Star Entertainment Group Limited announced the appointment of George Papanier as a director, effective from November 28, 2025. The initial director’s interest notice indicates that Papanier currently holds no securities in the company, which may suggest a fresh perspective and unbiased governance approach, potentially impacting the company’s strategic direction and stakeholder interests.
Star Entertainment Group Limited has announced the appointment of Soohyung Kim as a director, effective November 28, 2025. Kim, through Bally’s Star Holdings, LLC, holds a significant interest in the company with 2.5 billion ordinary shares, indicating a strong influence on the company’s strategic direction.
The Star Entertainment Group Limited announced a change in the director’s interest, specifically regarding Steve McCann, who acquired additional Performance Rights. This change, resulting from a dilution event, was approved by shareholders at the company’s 2024 Annual General Meeting. The acquisition of these rights reflects the company’s ongoing commitment to aligning executive incentives with shareholder interests, potentially impacting the company’s governance and stakeholder relations.
The Star Entertainment Group Limited announced that Bally’s Corporation and its associates have become substantial shareholders, holding 37.7% of the company’s voting power with 2.5 billion ordinary shares. This development, approved by regulatory bodies and shareholders, allows Bally’s to potentially acquire up to 53.75% of shares, impacting the company’s ownership structure and market positioning.
The Star Entertainment Group Limited announced a significant change in its substantial shareholding, with Investment Holdings Pty Ltd, as trustee for BMG Discretionary Trust, and Bruce Lawrance Mathieson increasing their stake to 1,537,154,955 ordinary shares, representing 23.16% of the company’s voting power. This change was facilitated by regulatory approvals and shareholder consent, allowing Investment Holdings to exceed typical shareholding restrictions, potentially impacting the company’s governance and market dynamics.
The Star Entertainment Group Limited has announced significant changes to its board, including the appointment of Soo Kim and George Papanier as board members representing Bally’s Corporation. Anne Ward and Deborah Page have resigned from their positions, with Bruce Mathieson Jnr elected as the new Chairman. These changes are part of a strategic move to reshape the company’s future, as stated by CEO Steve McCann.
The Star Entertainment Group Limited announced the closure of its Cleansing Offer, with no shares being issued under this prospectus. This development may impact the company’s financial strategy and market perception, as stakeholders might interpret the closure as a strategic decision in response to market conditions or internal assessments.
The Star Entertainment Group Limited has released a prospectus for its Cleansing Offer, which aims to remove trading restrictions on certain shares issued to Bally’s, Investment Holdings, and senior management. This move is intended to facilitate the trading of Conversion Shares and Incentive Shares, enhancing liquidity and flexibility for stakeholders.
Star Entertainment Group Limited has announced a new application for the quotation of securities on the Australian Securities Exchange (ASX). This move involves the issuance, transfer, or reclassification of securities resulting from options being exercised or other convertible securities being converted. The proposed date for the issue of these securities is set for November 28, 2025. This development is part of the company’s ongoing efforts to manage its capital structure and enhance its market presence.
The Star Entertainment Group Limited announced the issuance of unquoted equity securities, specifically 8,988,525 performance rights and 197,365 service rights, as part of an employee incentive scheme. This move is aimed at aligning employee interests with company performance, potentially impacting the company’s operational efficiency and stakeholder engagement positively.
The Star Entertainment Group Limited announced the issuance of 2,930,509 performance rights as part of an employee incentive scheme. This move is aimed at enhancing employee engagement and aligning their interests with the company’s performance, potentially impacting the company’s operational efficiency and stakeholder value positively.
The Star Entertainment Group Limited announced the issuance of 3,048,089,389 unquoted convertible notes as part of a previously announced transaction. This move is likely to impact the company’s financial structure and could influence its market positioning by potentially increasing its capital base.
The Star Entertainment Group has navigated a challenging financial year, culminating in a strategic investment of $300 million by Bally’s Corporation and Investment Holdings Pty Ltd, which now collectively hold 61% of the company’s issued capital. This investment, along with asset sales and governance enhancements, aims to stabilize the company’s financial position and restore its casino licenses. The company is undergoing significant board renewal, with new directors appointed to enhance oversight and compliance, though material uncertainties remain regarding its ongoing viability.
The Star Entertainment Group Limited has received regulatory approvals from the NSW Independent Casino Commission and the Queensland Office of Liquor and Gaming Regulation for strategic investments by Bally’s Corporation and Investment Holdings Pty Ltd. This approval allows for the conversion of a $300 million investment into equity and the appointment of new directors to The Star’s board, marking a significant step towards financial stability and operational suitability. The approvals also include conditions for Bally’s to improve The Star’s financial performance, indicating a positive shift in the company’s strategic direction.
The Star Entertainment Group Limited announced that the performance rights granted to executives and senior managers for the financial year ending June 30, 2022, have lapsed. This is due to the failure to meet the performance hurdles set in the company’s Long Term Incentive Plan, which included earnings per share, relative total shareholder return, and return on invested capital. The lapse of these performance rights may impact executive compensation and could reflect challenges in meeting financial targets, potentially affecting stakeholder confidence.
The Star Entertainment Group Limited has announced the appointment of Mr. Don Pasquariello as a Non-Executive Director, pending regulatory and ministerial approvals. With over 40 years of experience in audit, assurance, and professional services, Mr. Pasquariello brings significant expertise in corporate governance and risk management, which is expected to aid the company’s ongoing remediation and cultural reset efforts, positioning it for sustainable long-term growth.
The Star Entertainment Group reported a revenue increase to $284 million for Q1 FY26, with a reduced EBITDA loss of $13 million, reflecting stabilized trading despite challenging conditions due to regulatory changes. The company is undergoing significant restructuring, including exiting joint ventures and securing strategic investments, while facing uncertainties related to regulatory approvals and financial covenants, impacting its capital management strategy.
Star Entertainment Group Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is accessible on their website. The statement outlines the company’s adherence to ASX Corporate Governance Council’s principles, detailing the roles and responsibilities of the board and management, and ensuring transparency and accountability in its operations. This disclosure is crucial for maintaining investor confidence and aligning with regulatory standards, thereby reinforcing the company’s commitment to robust governance practices.
The Star Entertainment Group Limited has announced a significant transformation in its corporate governance practices, aiming to enhance its suitability to hold casino licenses and ensure long-term business sustainability. The company has developed a new Governance Framework to provide focused oversight and compliance, particularly for its properties in Sydney, Gold Coast, and Brisbane, with changes in board composition and increased operational scrutiny. This initiative is part of a broader effort to align with ASX Corporate Governance Principles and Recommendations, with further updates expected in 2026.
The Star Entertainment Group Limited has released its annual report, which includes comprehensive insights into its financial performance, key projects, and sustainability efforts. The report highlights the company’s commitment to governance, community engagement, and environmental responsibility, reflecting its strategic focus on sustainable growth and stakeholder value.
The Star Entertainment Group Limited has announced its 2025 Annual General Meeting, scheduled for November 25, 2025, at The Star Gold Coast and online. Key agenda items include the re-election and election of directors, adoption of the Remuneration Report, and a conditional spill resolution. Notably, Michael Issenberg will retire from the Board, and the meeting will address the potential change in board composition following the conversion of Convertible Notes issued to Bally’s and Investment Holdings.
Star Entertainment Group Limited has announced the appointment of Bruce Joseph Mathieson Jnr as a director, effective from October 10, 2025. The initial director’s interest notice reveals that Mathieson holds no relevant interests in securities or contracts, indicating a neutral impact on the company’s operations and stakeholder interests.
The Star Entertainment Group Limited announced the cessation of certain securities, including performance rights and options, as part of their capital management activities. This announcement may impact the company’s financial structure and investor relations, as it involves the expiration and cessation of a significant number of securities, which could influence market perceptions and shareholder value.
The Star Entertainment Group Limited has announced the appointment of Mr. Bruce Mathieson Jnr as a Non-Executive Director following the receipt of all necessary regulatory and ministerial approvals. Concurrently, Mr. Michael Issenberg will retire from the Board after the 2025 Annual General Meeting, having served as a non-executive director since 2022 and contributing significantly in various roles.
The Star Entertainment Group Limited has released its audited Financial Report for FY2025, revealing a reduction in both normalised and statutory losses compared to the unaudited preliminary figures. The company also secured covenant waivers from its lenders, which could provide financial flexibility and stability moving forward.
The Star Entertainment Group Limited has concluded negotiations with its syndicated facility agreement lenders, securing a covenant waiver for September 30, 2025. This development is part of the company’s efforts to finalize its audited financial report for the fiscal year ending June 30, 2025, which is due for submission by the end of the day.
The Star Entertainment Group announced that the suspension of its Gold Coast casino license has been deferred to September 2026, and the appointment of a Special Manager has been extended to the same date. This decision reflects the company’s ongoing remediation efforts and commitment to maintaining a transparent relationship with regulatory bodies, aiming to demonstrate its suitability as a license holder.
The Star Entertainment Group Limited has been informed by the NSW Independent Casino Commission that the suspension of The Star Sydney’s casino license will continue. The appointment of a Manager to oversee operations has been extended until March 2026, as the company works on its Remediation Plan to regain its license. The Star is committed to working with the NICC and demonstrating its suitability as a license holder.
JPMorgan Chase & Co. and its affiliates have ceased to be a substantial holder in Star Entertainment Group Limited, a company in the entertainment and gaming industry. This change in substantial holding involves various transactions related to securities lending and proprietary trading, impacting the voting securities of the company.
The Star Entertainment Group Limited has announced the details of its 2025 Annual General Meeting, scheduled for November 25, 2025, at The Star Gold Coast in Queensland. This meeting is a key event for shareholders, providing an opportunity to discuss company performance and future strategies, potentially impacting the company’s operations and stakeholder engagement.
The Star Entertainment Group Limited announced that Citigroup Global Markets Australia Pty Limited has ceased to be a substantial shareholder as of September 9, 2025. This change aligns with the company’s constitutional and regulatory requirements that restrict any individual or entity from holding more than a 10% voting power, ensuring compliance with agreements with Liquor and Gaming New South Wales and the Queensland Office of Liquor and Gaming Regulation.
Star Entertainment Group Ltd has announced that Citigroup Global Markets Australia Pty Limited and its related entities have ceased to be substantial holders in the company as of September 9, 2025. This change reflects a decrease in Citigroup’s relevant interest in Star Entertainment’s shares due to securities lending agreements, potentially impacting the company’s shareholder structure and market perception.