Business
February 23, 2023
The Star Reports Loss in H1 FY23, Plans to Raise Equity
Australian entertainment and gambling company The Star Entertainment Group released its H1 FY23 results acknowledging net loss and plans for equity raising. The company’s gross revenue for the period was AU$1.01 billion ($689.1 million), while normalized EBITDA was AU$200 million ($136.4 million) and net profit was AU$44 million ($30 million) for the six months until […]
Industry
February 20, 2023
The Star Gives a Sneak Peek into Its Sky Deck at Queen’s Wharf Brisbane
Australian casino giant The Star Entertainment Group has teased fans, industry enthusiasts and competitors with a sneak peek into its Sky Deck at Queen’s Wharf Brisbane property. The company, which believes that the venue will soon become one of the most photographed spots in the city, shared a timelapse video of the development, alongside some […]
Legal
February 17, 2023
Workers Union Blasts NSW Proposal to Increase Taxes for Pokies
Amid the review of The Star Entertainment’s NSW and Queensland operations, a new proposal calls to increase the tax rate for the company’s NSW location. The new proposal calls to increase the tax rate to nearly 61% for the poker machines within casinos. The change, if approved, is expected to be implemented starting in July […]
Business
February 13, 2023
Preliminary Results Predict 1% Revenue Drop for The Star in H1 FY23
The operator released its unaudited results for H1 FY23, revealing strong performance but an overall drop in revenue. The Star explained that for H1 FY23, the domestic revenue of The Star Gold Coast increased by 30% when compared to the corresponding period pre-COVID or H1, FY19. This result marked an achievement for the company as […]
Casino
November 29, 2022
The Star Entertainment Answers to OLGR Show Cause Notices
Australian gambling and entertainment company, The Star Entertainment Group, announced it responded to the show cause notices from the Office of Liquor and Gaming Regulation (OLGR). The Star Issues a Response to OLGR Notices Details of the announcement, authorized by the Board of Directors, emerged Monday and come in response to the government’s probe into […]
Business
November 11, 2022
The Star Appoints Two Non-Executive Directors
Gambling and entertainment company, The Star Entertainment Group, announced two non-executive director appointments Friday. Toni Thornton and Deborah Page Join The Star The company unveiled it appointed Ms Toni Thornton and Mrs Deborah Page as non-executive directors of The Star. Thornton will join the board immediately as an observer and will remain in such capacity […]
Legal
November 7, 2022
Star Entertainment Hit with Another Class Action Lawsuit
The Star Entertainment Group Limited, the leading gambling operator in Australia, announced it faces another class action lawsuit over allegations of deficiencies related to anti-money laundering (AML) and counter-terrorism financing. Maurice Blackburn Files Claim against The Star On Monday, the company released a statement outlining it has been served a claim for securities class action […]
Casino
November 4, 2022
The Star Queensland Must to Justify Its Failings
The Star Entertainment Group continues to get into regulatory trouble. Following the review which uncovered numerous AML breaches at its New South Wales casino, the Australian casino and hospitality giant also got into deep trouble in Queensland as well. Now, its two properties in the Australian state must explain their shortcomings. The Star Has Until […]
Casino
September 12, 2022
The Star Temporarily Stops Trading on ASX, Waits ILGA Report
The Star Entertainment Group, Australia’s leading integrated resort company, stopped trading its shares on the ASX (Australia’s Stock Exchange) just before the release of the report from the NSW Independent Liquor Gaming Authority (ILGA). Ahead of ILGA’s Report, the Star Halted Trading on ASX On Monday, the company requested to immediately cease trading its ordinary […]
Casino
July 29, 2022
The Star Entertainment Group Revenues Recovered in FY2022
The Star Entertainment Group filed with the Australian Securities Exchange (AUS) today a trading update on its expected revenue in the fiscal year 2022, balance sheet position and early fiscal year 2023 performance. FY2022 Unaudited Results For the 12 months ended June 30, 2022, The Star Entertainment Group expects normalized revenue of AU$1.53 billion ($1.06 […]