{"id":777025308,"date":"2025-04-15T02:26:11","date_gmt":"2025-04-15T05:26:11","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777025308"},"modified":"2026-04-21T23:52:28","modified_gmt":"2026-04-22T02:52:28","slug":"the-star-entertainment-group-revenue-decreases-year-over-year-in-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/the-star-entertainment-group-revenue-decreases-year-over-year-in-h1","title":{"rendered":"The Star Entertainment Group revenue decreases year-over-year in H1"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Revenue for the first half of the financial year was AU$650m (US$413m).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Australia.-\u00a0<strong>The Star Entertainment Group\u00a0<\/strong>has reported net revenue of AU$650m (US$413m) for the first half of the financial year 2025. Revenue was down 25 per cent year-on-year, mainly due to challenging trading conditions amid the implementation of operating reforms, including mandatory carded play and cash limits at The Star Sydney, and a loss of market share.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Domestic gaming revenue was down 32 per cent year-on-year to AU$464m (US$295m) while non-gaming revenue was up 1.8 per cent to AU$185.6m (US$118m). <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The casino operator posted a loss of AU$302m (US$192m). EBITDA declined by 77.19 per cent in year-on-year terms, to AU$26m (US$16.5m). When compared to the second half of the financial year 2024, EBITDA was down 57.38 per cent.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2021\/09\/Star-Sydney-900x600.jpg\" alt=\"The Star Sydney.\" class=\"wp-image-22616\" \/><figcaption class=\"wp-element-caption\">The Star Sydney.<\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;<strong>Star Sydney&nbsp;<\/strong>revenue was AU$362.2m (US$230.2m) for the period, down 19.5 per cent year-on-year. EBITDA was AU$24.6m (US$15.64m). The&nbsp;<strong>Star Gold Coast<\/strong> revenue was AU$218.2m (US$138.73m), down 8.4 per cent, while EBITDA was AU$18.1m (US$11.51m).&nbsp;<strong>Treasury Brisbane<\/strong> revenue was down 69.1 per cent to AU$54.8m (US$34.84m).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company said: &#8220;For FY25YTD, monthly trading in Q2 had stabilised compared to Q1, however, there has been a softening in trading during Q3, with revenue declining by 9 per cent across the group compared to Q2.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;The decline was more pronounced at The Star Gold Coast, which declined 13 per cent in Q3 compared to Q2, partially due to generally softer trading conditions but also the closure of the property for 5 days due to Tropical Cyclone Alfred and the gradual return to a pre-closure run rate following re-opening.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;The Star Sydney revenue has declined by 8 per cent in Q3 compared to Q2, reflecting a seasonal softening in revenue. The Star continues to be impacted by an uneven competitive environment with pubs and clubs, which continues to negatively impact on operating performance.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A week ago, the casino operator announced that its largest shareholder,\u00a0the Mathieson family\u2019s\u00a0<strong>Investment Holdings<\/strong>, had subscribed for AU$100m (US$60.5m) as part of a new\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/the-star-agrees-us180-2m-deal-with-ballys-corporation\" target=\"_blank\" rel=\"noreferrer noopener\">AU$300m financing agreement with\u00a0Bally\u2019s Corporation<\/a>. The move will reduce the investment from Bally\u2019s to AU$200m (US$121m), while the principal value of the transaction remains at AU$300m.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In another filing, the casino operator has announced that it has completed the sale of&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/the-star-sells-assets-amid-financial-challenges\" rel=\"noreferrer noopener\">The Star Sydney Event Centre<\/a>&nbsp;and some other spaces at The Star Sydney to<strong> Foundation Theatres&nbsp;<\/strong>for AU$60m (US$37.5m). All regulatory consents were obtained, including from the NSW Independent Casino Commission (NICC) and the state of New South Wales.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revenue for the first half of the financial year was AU$650m (US$413m).<\/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 Star Entertainment Group reported a 25% year-on-year decline in H1 FY25 net revenue to AU$650m, posting a AU$302m loss, primarily due to regulatory reforms, market share loss, and competitive pressures. The company is undertaking a AU$300m financing agreement involving the Mathieson family and Bally's Corporation, alongside an AU$60m asset divestment at The Star Sydney, approved by the NSW Independent Casino Commission.","focusai_entities":"The Star Entertainment Group, Investment Holdings, Mathieson family, Bally's Corporation, Foundation Theatres, NSW Independent Casino Commission, NICC","focusai_location":"Australia, Sydney, Gold Coast, Brisbane, New South Wales","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Stabilizing Domestic Gaming Revenue?","query":"What is the projected timeline for The Star Entertainment Group to stabilize its domestic gaming revenue amidst ongoing regulatory reforms and competitive pressures?"},{"label":"Financing Impact on Capital?","query":"How will the AU$300m financing agreement impact The Star's capital structure and its ability to fund future compliance and operational enhancements?"}],"footnotes":""},"categories":[16336,163],"tags":[29],"class_list":["post-777025308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025308","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=777025308"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025308\/revisions"}],"predecessor-version":[{"id":777025351,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025308\/revisions\/777025351"}],"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=777025308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777025308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777025308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}