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Star Entertainment Faces $21M EBITDA Loss Amid Strategic Shifts and Liquidity Concerns
4:45am on Monday 2nd of June, 2025 AEST
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Leisure & Entertainment
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Star Entertainment Faces $21M EBITDA Loss Amid Strategic Shifts and Liquidity Concerns
4:45am on Monday 2nd of June, 2025 AEST
Key Points
Q3 FY25 revenue fell 9% to $271 million with a $21 million EBITDA loss
Operating expenses reduced by 3% due to cost-out initiatives
Entered binding agreements for $300 million strategic investments with Bally’s and Investment Holdings
Announced exit from Destination Brisbane Consortium joint venture
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