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...
Australian casino operator Star Entertainment Group has reported a A$307.3 million net loss for FY26, although the result was an improvement on the A$427.9 million loss recorded a year earlier.
Normalized revenue fell by 2% year-on-year to A$1.1 billion, while the normalized EBITDA loss before significant items came to A$16.1 million from A$76.2 million in FY25. Star also reduced corporate costs by A$75 million during the year and added that cost reductions and a stabilization in revenue point to early signs of recovery.
CEO and Managing Director of the Star, Bruce Mathieson Jr., commented:
“We have moved to a more accountable, property-led operating model and a renewed focus on performance, customers, and responsible operations. These achievements have provided greater stability and a stronger foundation for the future. Returning to suitability remains critical to our future, and the work required to achieve that objective has and is being increasingly embedded in how we operate every day.”
Star ended FY26 with A$267 million in cash, following a A$300 million equity investment from Bally’s and the Mathieson family and a A$390 million debt refinancing completed in May 2026. However, auditor EY again pointed to uncertainty over the group’s ability to continue as a going concern, especially with a potential AUSTRAC fine still hanging over the business.
On the other hand, revenue at Star’s Sydney and Gold Coast properties stabilized in the final quarter, ending a prolonged period of declines. That momentum continued into July, when combined revenue at the two properties increased 6% year-on-year.
Looking ahead, Star is focused on further cost cuts, improving cash flow, and restoring its casino licenses in New South Wales and Queensland. Management said it expects to build cash reserves during FY27, but regulatory and financial risks remain huge.
