Star Entertainment reports bigger-than-expected annual loss as regulatory pressure persists

  • Star Entertainment reported a larger-than-expected statutory annual loss despite year-on-year improvement.
  • A$307.3 million was the fiscal-year loss, versus A$427.9 million previously and A$180 million expected.
  • Star said July revenue grew 6% across its Sydney and Gold Coast properties.

Star Entertainment Group reported a statutory net loss after tax of A$307.3 million for the fiscal year ended June 30, down from A$427.9 million a year earlier but wider than the A$180 million Visible Alpha consensus estimate. The Australian casino operator said difficult conditions in New South Wales table gaming and a pending regulatory penalty continued to weigh on its outlook. Combined revenue at The Star Sydney and The Star Gold Coast rose 6% in July, which Star said reflected customer engagement and a return to growth. The company is restructuring to restore profitability, manage external debt and address action by the Australian Transaction Reports and Analysis Centre, known as AUSTRAC, over alleged anti-money-laundering and counter-terrorism-financing breaches. Star completed a $390 million secured term-loan refinancing in May, increasing available liquidity by A$130 million, after a A$300 million investment in 2025 led by Bally's and the Mathieson family. Former CEO Matthias Bekier was banned from managing companies for six years and fined A$700,000 by an Australian court in June over failures to handle money-laundering risks.

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