{"id":777037461,"date":"2026-01-30T07:48:54","date_gmt":"2026-01-30T10:48:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777037461"},"modified":"2026-04-21T14:51:36","modified_gmt":"2026-04-21T17:51:36","slug":"star-entertainment-reports-ebitda-gain","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/star-entertainment-reports-ebitda-gain","title":{"rendered":"Star Entertainment returns to positive EBITDA"},"content":{"rendered":"\n<p>The casino operator has reported positive EBITDA for the second quarter of its financial year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.- <strong>The Star Entertainment Group<\/strong> has reported a return to positive EBITDA in its second quarter following losses in previous periods. It noted stabilising trading conditions and higher operator fee income from The Star Brisbane.<\/p>\n\n\n\n<p>According to its unaudited quarterly activities report for the period ended December 31, 2025, the group posted revenue of AU$301m (US$212.17m), up 6 per cent quarter-on-quarter. EBITDA reached AU$6m (US$4.23m) before significant items. This compares with an EBITDA loss of AU$13m (US$9.16m) in the September quarter and a loss of AU$8m (US$5.64m) in the prior period.<\/p>\n\n\n\n<p>The improvement was driven by stabilised trading at <strong>The Star Sydney<\/strong>, seasonally stronger volumes at <strong>The Star Gold Coast<\/strong>, and an increase in operator fee revenue from The Star Brisbane to AU$26m. That included a AU$5m fixed monthly fee and an AU$11m revenue true-up linked to the group\u2019s planned <a href=\"https:\/\/focusgn.com\/asia-pacific\/the-star-entertainment-group-sells-stake-in-queens-wharf-brisbane-project\" target=\"_blank\" rel=\"noreferrer noopener\">exit from the Destination Brisbane Consortium<\/a>.<\/p>\n\n\n\n<p>The Star Sydney generated revenue of AU$163m, up slightly from the previous quarter, although EBITDA remained negative at AU$8m amid the impact of mandatory carded play and cash limits in New South Wales. The Star Gold Coast posted revenue of AU$108m and EBITDA of AU$10m, benefiting from stronger seasonal demand.<\/p>\n\n\n\n<p>The Star Brisbane delivered EBITDA of AU$4m for the quarter, compared to a loss in the prior period, while Treasury Brisbane made a marginal contribution following the closure of the casino in August 2024.<\/p>\n\n\n\n<p>The company reiterated that its ability to continue as a going concern remains dependent on refinancing outcomes and a pending AUSTRAC judgment. Management said recent <a href=\"https:\/\/focusgn.com\/asia-pacific\/ballys-to-take-control-of-star-entertainment-after-regulatory-green-light\" target=\"_blank\" rel=\"noreferrer noopener\">capital injections from Bally\u2019s Corporation<\/a> and Investment Holdings have strengthened the group\u2019s balance sheet and provided financial flexibility.<\/p>\n\n\n\n<p><br><\/p>\n\n\n<div id=\"see-also-container\">\n\t\t\t<span class=\"see-also-label\">See also:<\/span><\/p>\n<div class=\"related-article\">\n\t\t\t\t<img decoding=\"async\" class=\"related-article__thumbnail\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2020\/09\/pacific-rim-wants-to-seize-ipis-gaming-machines-300x200.jpg\" alt=\"\"><\/p>\n<p class=\"related-article__text\">\n\t\t\t\t\t<span class=\"see-also-label-strong\">See also:<\/span> <a href='https:\/\/focusgn.com\/asia-pacific\/nsw-clubs-and-hotels-post-record-gaming-profits-in-q3-2025'>New South Wales clubs and hotels see record gaming profits in Q3<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>The casino operator has reported positive EBITDA for the second quarter of its financial year.<\/p>\n","protected":false},"author":226,"featured_media":777037465,"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 return to positive EBITDA of AU$6m for Q2 FY2026, driven by stabilised trading and increased operator fee income, despite ongoing challenges at The Star Sydney. The group's ability to continue as a going concern remains contingent on refinancing outcomes and a pending AUSTRAC judgment, though recent capital injections have bolstered its balance sheet.","focusai_entities":"The Star Entertainment Group, The Star Brisbane, The Star Sydney, The Star Gold Coast, Treasury Brisbane, Destination Brisbane Consortium, Bally's Corporation, Investment Holdings, AUSTRAC","focusai_location":"Australia, New South Wales, Sydney, Gold Coast, Brisbane","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.9), operator_casino (0.9), product_ux (0.7), tech_data (0.7), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Refinancing & AUSTRAC Impact","query":"What specific refinancing terms are being pursued, and how might the potential AUSTRAC judgment impact the cost of capital or the group's operational licensing conditions?"},{"label":"NSW Regulatory Efficacy","query":"To what extent are the mandatory carded play and cash limits in New South Wales achieving their intended responsible gambling outcomes, and what is their projected long-term impact on GGR and NGR for affected operators?"}],"footnotes":""},"categories":[16336,163],"tags":[24826,24619,23871],"class_list":["post-777037461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-business","tag-finance","tag-the-star-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777037461","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777037461"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777037461\/revisions"}],"predecessor-version":[{"id":777037468,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777037461\/revisions\/777037468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777037465"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777037461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777037461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777037461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}