Soft trading conditions at The Star Sydney have continued during January
While overall trading results remain at historical lows for Australian operator Star Entertainment, quarter-on-quarter volumes have stabilised, with seasonally stronger trading volumes bringing in first-half revenue of $584.9m and normalised EBITDA loss of $7.6m. This resulted, though, in a net loss of AU$109.7m.
The operator said that trading conditions remained challenging, with total revenue declining by 10 per cent compared to the prior comparable period (pcp). Gaming revenue, excluding the Treasury Brisbane Casino closure in the pcp, declined by nine per cent, reflecting the continued impact of regulatory reforms, including mandatory carded play and cash limits at The Star Sydney.
Soft trading conditions at The Star Sydney have continued during January 2026, with revenue three per cent below the average for Q2 FY26 and six per cent below January 2025. The Star Gold Coast’s January 2026 revenue was 11 per cent higher than the average for Q2 FY26, reflecting seasonally stronger gaming volumes.
A number of changes to The Star’s Board and executive management occurred in November and December 2025, which have been previously announced to ASX. In particular, Bruce Mathieson Jnr was appointed Group Chief Executive Officer on 17 December 2025. Since that time The Star, in consultation with its major shareholders and by leveraging their expertise, has been reviewing the resourcing structure and strategy of The Star’s operations, and has commenced a process of restructuring the Group’s operations and marketing strategy.
Group CEO and Managing Director, Bruce Mathieson Jnr said: “Our corporate office is being streamlined, and essential support functions will be managed at the property level in Sydney, Gold Coast and Brisbane. To support long-term success, these changes will strengthen our financial position. We continue to pursue appropriate cost out initiatives and are exploring and implementing initiatives to attract customers to our properties.
“We are committed to pursuing a transparent, practical and sustainable pathway that ensures our remediation plan is delivered to the standard expected, while supporting consistency, embedment and
demonstrable maturity across the Group. We have immense potential in our properties, and we are committed to transforming The Star into premier entertainment destinations.”
The post Historical lows and a loss of AU$110m, but things are stabilising for The Star appeared first on G3 Newswire.
Soft trading conditions at The Star Sydney have continued during January While overall trading results remain at historical lows for Australian operator Star Entertainment, quarter-on-quarter volumes have stabilised, with seasonally stronger trading volumes bringing in first-half revenue of $584.9m and normalised EBITDA loss of $7.6m. This resulted, though, in a net loss of AU$109.7m. The operator…
The post Historical lows and a loss of AU$110m, but things are stabilising for The Star appeared first on G3 Newswire.