The Star Entertainment Group has shared its earnings for the three months ending June 30, 2026, revealing that it generated $185.3 million in quarterly revenue.The...
After a long delay, Star Entertainment released its half-year financial report for the period ending 31 December 2024, confirming a net loss of A$302 million and highlighting the company’s continued economic troubles.
Published on 15 April, the report follows the recent confirmation of an A$300 million capital injection from Bally’s Corporation and local investor Bruce Mathieson. Star received the first A$100 million offer on 9 April, easing immediate liquidity concerns.
Revenue for the half declined by 25% year-on-year to A$650 million, driven by a steep 32% drop in domestic gaming revenue to A$464 million. EBITDA also saw a decline of A$26 million, which is a significant decline when compared to the A$61 million reported in the same period last year.
The March quarter continued the downward trend, with revenue down 9% quarter-on-quarter to A$271 million and adjusted EBITDA slipping to an A$21 million loss. Operations at The Star Gold Coast were impacted by Cyclone Alfred, while The Star Sydney posted a 26% year-on-year revenue decline.
Despite the challenges, CEO Steve McCann remains optimistic, noting that gaming activity remains high across the sector. Star plans to refocus on customer engagement, non-gaming revenue streams, and regulatory reforms to regain stability.
