GM Plans C$1.1 Billion Canada Investment Amid U.S. Tariff Pressure 
Nvidia Revenue Soars 106% as AI Demand Hits ‘Inflection Point’ 
SoftBank Eyes $20 Billion Bond Sale to Refinance OpenAI Loan 
BofA Names ASML Top Semiconductor Equipment Pick on Growth, Valuation 
Aon Nears $17 Billion Deal to Buy USI Insurance From KKR 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
Faraday Future Delivers First Robots in Middle East, Plans September Launches 
Itochu Offers $1.56 Billion to Privatize Dentsu Soken 
Google Changes EU Spam Policy Amid Antitrust Scrutiny 
Nvidia Reportedly Eyes $13 Billion Hugging Face Acquisition 
The Realist’s Case: Lukas Kerrebijn of RD Dubai on the Narrative Dubai’s Agents Won’t Question 
Shein Hong Kong IPO to Raise $1.7 Billion at $26.5 Billion Valuation 
Toyota Global Sales Fall as China Demand Slumps 
BNP Paribas, KB Kookmin Eye $2 Billion Techcombank Stake 
Trump Administration Plans New Drug Pricing Deals With Biotech Firms 
Amazon Secures 200 MW Wind Power Deals in Sweden 
Add as a preferred source on Google
Shares of Star Entertainment Group (ASX: SGR) declined on Monday after the Australian casino operator reported another substantial annual loss, as weaker gaming revenue continued to weigh on its financial performance despite aggressive cost reductions.
Star Entertainment posted a statutory net loss of A$307.3 million for the fiscal year ended June 30, 2026. While significant, the result marked an improvement from the A$427.9 million loss recorded in the previous financial year.
The company’s shares fell 1.9% to A$0.128 by 00:47 GMT following the earnings announcement.
Normalised revenue declined 2.2% year over year to A$1.10 billion. However, Star Entertainment managed to narrow its EBITDA loss before significant items to A$16.1 million, compared with a loss of A$76.2 million a year earlier, reflecting the impact of cost-cutting measures.
Gaming revenue remained under pressure, falling 5.3% during the fiscal year. The decline was primarily driven by weaker table gaming activity at Star’s Sydney casino, which has faced operational and regulatory challenges.
Despite the weak full-year results, the casino operator pointed to improving trading conditions at the beginning of fiscal 2027. Combined revenue from its Sydney and Gold Coast properties reached A$92.4 million in July, representing a 6% increase compared with the same month a year earlier.
July revenue was also 8% higher than the average monthly level recorded during the fourth quarter, with strong growth in slot machine revenue helping support the improvement.
However, Star Entertainment warned that significant uncertainties continue to cloud its outlook. Key risks include the potential size of an AUSTRAC penalty, the company’s ability to comply with debt covenants and ongoing efforts to restore its casino licences.
The improving July performance offers some signs of recovery, but Star Entertainment’s financial position and regulatory challenges are likely to remain closely watched by investors as the company works to stabilise its operations.
