The Star Entertainment Group has announced the appointment of David Schollenberger as the company’s new Chief Risk Officer (CRO) on April 13, 2026.Prior to the new...
Star Entertainment Q2 results continue to disappoint
Star Entertainment released financial results for Q2, 2025, revealing continuous financial and operational hardships, with little reassurance for long-term stability.
Despite approving a significant A$300m capital injection from Bally’s and Chow Tai Fook Enterprises, Star contends with regulatory suspensions, underperforming assets, and delayed progress on key asset divestitures.
Star Entertainment posted a total Q2 revenue of A$270 million, down 30% from last year’s period. Its EBIDTA reached A$27 million, compared to A$23 million in positive EBITDA for the same period in 2024.
Star Sydney, the company’s flagship property, posted a total revenue of A$162 million, but its EBITDA fell to A$14 million. The property is still under regulatory sanction, with a revoked license and a special manager’s oversight through September 30, 2025.
The Star Gold Coast recorded a stable revenue of A$96 million, with an EBITDA of A$2 million. No matter how little, this is a rare bright spot for the company.
The Star Brisbane showed some improvement as well, with operator fee revenue increasing slightly to A$8 million, and its EBITDA loss lowering to A$15 million. Treasury Brisbane posted A$4 million in revenue.
Despite cash reserves of A$234 million, the Star Entertainment Group has taken several liquidity-enhancing steps. Star sold the Sydney Event Center and connected properties for A$60 million, to strengthen short-term liquidity. Meanwhile, a shareholder vote confirmed continued support for the Bally’s investment.
The New South Wales Independent Casino Commission (NICC) has extended The Star Group’s Sydney casino license suspension once again.The Star Sydney has been under a...
