The Star Entertainment Group’s second quarter revenues improved by one per cent to reach AU$270m, but EBITDA fell nine per cent to a loss of $27m, compared to an EBITDA loss of $24m for Q3 FY25, reflecting continued softness in operating performance due to the ongoing challenging operating environment, including the impact of mandatory carded play and cash limits in NSW and stricter regulatory requirements across all properties.
Star Sydney’s revenue was in line with the previous quarter, reflecting growth in Table Games revenue offset by a decline in hotel revenue. Since 19 October 2024, mandatory carded play and $5,000 cash limits were fully implemented across the broader casino, resulting with average daily revenue declining by 17 per cent to 30 June 2025, compared to the four weeks average daily revenue prior to implementation.
At the Star Gold Coast, revenue and EBITDA were substantially in line with the previous quarter. Gaming revenue declined by six per cent compared to Q3, largely due to declines in table games. This was
partially offset by growth in hospitality revenue compared to the prior quarter. At the Star Brisbane, revenue for the quarter was $8m, and the EBITDA loss was $15m.
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The Star Entertainment Group’s second quarter revenues improved by one per cent to reach AU$270m, but EBITDA fell nine per cent to a loss of $27m, compared to an EBITDA loss of $24m for Q3 FY25, reflecting continued softness in operating performance due to the ongoing challenging operating environment, including the impact of mandatory carded…
The post Star Entertainment’s revenues plateau but EBIDTA loss widens appeared first on G3 Newswire.