Star Entertainment Group narrowed its net loss for the financial year ended 31 July 2026 to $113.8 million from $115.7 million a year earlier. Normalised EBITDA came in at minus $11.5 million against minus $54.5 million in FY25.
Group revenue fell 2.2% to $788 million. Gaming revenue dropped 5.3% to $541.5 million. Star Sydney took the hardest hit: table revenue collapsed 16.4% to $196.2 million, total property revenue down 9.3% to $444.9 million. The operator blamed regulatory constraints, including mandatory play cards and cash limits.
Gold Coast posted 3.2% gaming revenue growth to $183.6 million on stronger slots, up 5.9%, though tables slipped 3.5%. Star Brisbane, in its second year under group management, doubled average monthly EBITDAM to $13 million in the final three months of the period.
The balance sheet remains fragile. Cash stood at $137.8 million on 31 July, below current liabilities of $159.2 million. Banking facilities expire 30 September and talks on an extension are underway. The group may need additional funding to continue operating.
The main threat is an AUSTRAC lawsuit over money laundering. The regulator is seeking a $286.4 million penalty; Star told the court any fine above $71.6 million payable within twelve months would be critical given current liquidity. An adverse ruling could put the company's ability to continue in doubt.
In July, Sydney and Gold Coast combined for $66.2 million in revenue, up 6% year-on-year and 8% on the average monthly figure for the fourth quarter of FY26.
