Star Entertainment cuts EBITDA loss by 70% in Q2 2026

Star Entertainment posts $185.3M in quarterly revenue

Added:
Star Entertainment posts $185.3M in quarterly revenue

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 company was able to reduce its EBITDA loss by 70%, which reached $5.6 million, compared to the previous year’s $18.9 million loss. According to the Star, the improvement was the result of strong cost-saving measures, lower operator fees for the Star Brisbane, and better trading at the Star Sydney.

The Star Sydney’s quarterly revenue rose by 2% to $105 million, but the number represented a 7% drop compared to 2025 results. The Sydney business also saw a $6.9 million EBITDA loss. On the other hand, the Star Gold Coast’s revenue jumped by 12% year-on-year to $74.7 million, and property EBITDA increased to $15.4 million, a 51% rise.

Regarding the Star Brisbane location, revenue heavily suffered after the company’s first stage of exiting the Destination Brisbane Consortium (DBC) in April 2026.

The company further stressed that there are some material uncertainties that could impact its ability to continue as a going concern.

The Star Entertainment Group shared:

“The Star’s ability to continue as a going concern remains dependent on the outcome of a limited number of material uncertainties, some of which are interdependent and outside The Star’s control. As of the date of this announcement, there are a limited number of continuing matters which are material and may impact The Star’s assessment of its ability to continue as a going concern. The materiality of these matters will be assessed at the time of filing The Star’s annual audited financial statements.”

The operator’s refinancing with WhiteHawk Capital also helped generate $186 million in cash and cash equivalents, which is more than double the previous quarter’s $83 million.

Alla Basentsyan
Alla Basentsyan Content Writer

As a content writer at AffPapa, Alla focuses on daily coverage of iGaming news, writes in-depth articles on the most relevant topics of the sector, and presents insights from industry professionals through dedicated interviews. She combines her background in research with an engaging and informative approach to help readers stay up-to-date with everything that’s happening in global iGaming markets.