second inquiry into the casino\u00a0operator’s\u00a0suitability to hold a gaming licence in Sydney<\/a>\u00a0and\u00a0to better assess\u00a0The\u00a0Star\u2019s\u00a0progress. The Star Entertainment Group said the tenure of the special\u00a0manager for The Star Gold Coast and Treasury Brisbane casinos remains unchanged and is\u00a0due to end on December 8.\u00a0<\/p>\n\n\n\nThe Star Entertainment Group posts net revenue of US$271.5m for Q3<\/h2>\n\n\n\n
The Star Entertainment Group reported net revenue of AU$419.2m (US$271.5m) for the third quarter of the financial year 2024. Revenue was down 4.6 per cent year-on-year. Revenue was highest in January (AU$146.6m).<\/p>\n\n\n\n
Revenue from premium gaming rooms decreased across all properties. The Star Sydney saw a 19.3 per cent decline in revenue from premium gaming rooms, while The Star Gold Coast and Treasury Brisbane saw a 20 per cent and 28 per cent decrease, respectively. However, revenue from the main gaming floor increased by 5.4 per cent at The Star Sydney, 4.6 per cent at The Star Gold Coast, and 6.4 per cent at Treasury Brisbane. <\/p>\n","protected":false},"excerpt":{"rendered":"
The date of effect of the licence has been put back by almost seven months.<\/p>\n","protected":false},"author":176,"featured_media":26456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Office of Liquor and Gaming Regulation has deferred the effective date of licence suspensions for The Star Gold Coast and Treasury Brisbane casinos to December 20, allowing the Queensland Government further time to evaluate the operator's suitability and progress following a second inquiry. Concurrently, The Star Entertainment Group reported Q3 FY24 net revenue of AU$419.2m, a 4.6% year-on-year decline, primarily driven by significant decreases in premium gaming room revenue across its properties.","focusai_entities":"Office of Liquor and Gaming Regulation, The Star Gold Coast, Treasury Brisbane, The Star Entertainment Group, Queensland Government","focusai_location":"Australia, Queensland, Sydney, Gold Coast, Brisbane","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Star's Suitability Assessment?","query":"What specific criteria and remediation progress will the Queensland Government prioritize in its extended assessment of The Star Entertainment Group's suitability to hold gaming licences?"},{"label":"Financial Impact Analysis?","query":"How do the Q3 FY24 revenue trends, particularly the divergence between premium and main gaming floor performance, project into The Star Entertainment Group's full-year financial outlook and capital allocation strategies?"}],"footnotes":""},"categories":[16336,156,158],"tags":[23871],"class_list":["post-777015599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-regulation-news","category-slider-home","tag-the-star-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777015599"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015599\/revisions"}],"predecessor-version":[{"id":777015623,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015599\/revisions\/777015623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26456"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}