Star Entertainment Group revenue continues to fall in full-year 2025

Revenue was down 29 per cent year-on-year.

Australia.- The Star Entertainment Group has reported revenue of AU$1.19bn (US$780m) for the full financial year 2025. Revenue was down 29.2 per cent in year-on-year terms. The company said the decline reflected challenging trading conditions due to regulatory reforms, including mandatory carded play and cash limits at The Star Sydney.

The company reported net loss of AU$471.5m (US$308m), or AU$259.1m before one-off items including redundancy costs, penalties and an impairment on its Queen’s Wharf precinct in Brisbane. Earnings before interest, taxes, depreciation and amortisation (EBITDA) were negative AU$77m compared to a profit of AU$175m in the prior year.

Gaming revenue was down 37 per cent. Excluding the Treasury Brisbane Casino closure, it was down 22 per cent. The Star Sydney revenue was AU$685m (US$447m), down 21.9 per cent year-on-year, with an EBITDA loss of AU$47.7m and an EBIT loss of AU$86.3m. The Star Gold Coast revenue was AU$410.6m (US$268m), down 10 per cent year-on-year, with an EBITDA of AU$21.8m and EBIT of AU$2.3m, making it the only property to report a positive EBITDA and EBIT. Treasury Brisbane made AU$62.3m (US$40.7m) in revenue, down 81.9 per cent. 

Finally, The Star Brisbane made AU$29.6m (US$19.3m), with an EBITDA loss of AU$50.3m and EBIT loss of AU$51.3m. Star holds a 50 per cent stake in The Star Brisbane parent Destination Consortium Brisbane (DCB) but is in the process of offloading that to Chow Tai Fook and Far East Consortium.

Group CEO and managing director, Steve McCann, said: “I want to acknowledge the hard work and commitment of our team members in the face of the ongoing challenges of the group.  While there remains work to be done, I note the significant progress that the group has made on its remediation journey to date and the implementation of regulatory reforms. The group has sourced additional funding to enable The Star to continue to provide thousands of jobs and support tourism and entertainment in the markets in which we operate.  

“Our announcement today highlights a number of key interdependencies that are critical to the group’s future. The group continues to require significant support from a range of its stakeholders including governments, regulators, lenders and investors. Without that support it will be difficult to navigate the various challenges facing the group and to create a sustainable future for the business.”

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Revenue was down 29 per cent year-on-year. Australia.- The Star Entertainment Group has reported revenue of AU$1.19bn (US$780m) for the full financial year 2025. Revenue was down 29.2 per cent…