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Investing.com-- Star Entertainment Group (ASX:SGR) on Friday posted a narrower annual loss for fiscal 2025, though trading remained weak as regulatory reforms and market share losses continued to pressure the Australian casino operator.
The company reported a statutory net loss of A$471.5 million ($310 million) for the year ended June 30, compared with a A$1.69 billion loss a year earlier that was driven by hefty impairments and penalties. Revenue fell 29% to A$1.19 billion.
Gaming revenue dropped 37%, hurt by mandatory carded play and cash limits at Star Sydney and the closure of Treasury Brisbane Casino.
The company ended June with A$234 million in available cash, bolstered by a A$300 million strategic investment from Bally’s Corp and asset sales. However, it warned of “material uncertainty” over its outlook, citing pending regulatory penalties, licence approvals, and lender waivers.