{"id":777025915,"date":"2025-05-02T06:51:12","date_gmt":"2025-05-02T09:51:12","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777025915"},"modified":"2026-04-21T23:24:48","modified_gmt":"2026-04-22T02:24:48","slug":"star-entertainment-group-revenue-continues-to-fall-in-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/star-entertainment-group-revenue-continues-to-fall-in-q3","title":{"rendered":"Star Entertainment Group revenue continues to fall in Q3"},"content":{"rendered":"\n

Revenue was down 9 per cent quarter-on-quarter and 35.35 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

Australia.-\u00a0The Star Entertainment Group\u00a0<\/strong>has reported net revenue of AU$271m (US$173.8.) for the third quarter of the financial year 2025.\u00a0Revenue was down 9 per cent sequentially<\/a> and 35.35 per cent in year-on-year terms.<\/p>\n\n\n\n

Earnings before interest, taxes, depreciation and amortisation (EBITDA) were negative AU$21m (US$13.4m) compared to negative AU$8m (US$5.1m) in the previous quarter. The company said the results reflect “a seasonal softening in revenues, reduced levels of gaming visitation and the one-off impact of adverse weather events driving property closures in Queensland in March.”<\/p>\n\n\n\n

The\u00a0Star Sydney\u00a0<\/strong>revenue was AU$161m (US$103.3m), down 8 per cent sequentially and 26 per cent in year-on-year terms. EBITDA was negative AU$9m (US$5.7m) compared to negative AU$4m (US$2.5m) in the second quarter. The company noted the impact of the implementation of mandatory carded play and cash limits in October 2024.<\/p>\n\n\n

\n
\"The
The Star Sydney.<\/figcaption><\/figure>\n<\/div>\n\n\n

The\u00a0Star Gold Coast<\/strong> revenue was AU$96m (US$61.5m), down 17 per cent year-on-year and 13 per cent compared to the previous quarter. EBITDA was positive at AU$2m (US$1.2m) but down 85 per cent from the previous quarter and down 90 per cent yearly. The company attributed the decline in revenue to softer trading conditions and the closure of the property for five days due to Tropical Cyclone Alfred.<\/p>\n\n\n\n

Treasury Brisbane<\/a> posted revenue of AU$10m (US$6.4m), with negative EBITDA of AU$13m (US$8.3m).\u00a0The venue closed<\/a>\u00a0on August 25.\u00a0The Star Brisbane<\/a>, which commenced operations on August 29, brought in AU$4m (US$2.5m), but EBITDA was negative AU$1m (US$0.6m). <\/p>\n\n\n\n

The Star reported its available cash as of March 31 as AU$44m (US$28.2m). Earlier this month, the casino operator announced that its largest shareholder,\u00a0the Mathieson family\u2019s\u00a0Investment Holdings<\/strong>, had subscribed for AU$100m (US$60.5m) as part of a new\u00a0AU$300m financing agreement with\u00a0Bally\u2019s Corporation<\/a>. The move will reduce a new investment from Bally\u2019s to AU$200m (US$121m).<\/p>\n","protected":false},"excerpt":{"rendered":"

Revenue was down 9 per cent quarter-on-quarter and 35.35 per cent year-on-year.<\/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 significant decline in Q3 FY25 net revenue and negative EBITDA, attributed to seasonal softening, reduced gaming visitation, adverse weather, and the impact of mandatory carded play and cash limits. The company secured a AU$300m financing agreement, with the Mathieson family's Investment Holdings subscribing AU$100m, reducing Bally's Corporation's investment to AU$200m.","focusai_entities":"The Star Entertainment Group, The Star Sydney, The Star Gold Coast, Treasury Brisbane, The Star Brisbane, Mathieson family's Investment Holdings, Bally's Corporation","focusai_location":"Australia, Queensland","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Impact Analysis","query":"What is the projected long-term impact of mandatory carded play and cash limits on The Star Sydney's GGR and NGR, and how does this inform future regulatory compliance strategies across the portfolio?"},{"label":"Capital Structure Outlook","query":"How will the AU$300m financing agreement, specifically the reduced Bally's Corporation investment, affect The Star Entertainment Group's capital structure, debt covenants, and future liquidity position given the current negative EBITDA trend?"}],"footnotes":""},"categories":[16336,163],"tags":[29,24619,1897],"class_list":["post-777025915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-casino","tag-finance","tag-igaming"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025915","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=777025915"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025915\/revisions"}],"predecessor-version":[{"id":777025924,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025915\/revisions\/777025924"}],"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=777025915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777025915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777025915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}