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The Star Entertainment Group: Q2 FY26 Financial Overview

The Star Entertainment Group (ASX: SGR) reported a strong recovery in Q2 FY26, achieving a revenue of AU$301 million, a 6% increase from the previous quarter. The company recorded an EBITDA profit of AU$6 million, reversing the AU$13 million loss in Q1 FY26. The Sydney operations faced challenges due to regulatory changes, including mandatory carded play and cash limits, while the Gold Coast showed growth in both gaming and hospitality. Brisbane’s results were bolstered by the operator fee of AU$26 million under the new management agreement. Key developments included a strategic investment from Bally’s and Investment Holdings, securing a substantial portion of the company’s equity. Despite reporting positive revenue growth, The Star’s ability to sustain operations as a going concern depends on various external factors, including the resolution of regulatory issues and the successful completion of financial refinancing efforts.

 

 

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