Latest THE STAR ENTERTAINMENT (ASX:SGR) News

The Star Entertainment Group has completed the first stage of its exit from the Destination Brisbane Consortium, locking in a fixed $18 million annual operator fee and shedding a major debt guarantee.

The Star Entertainment Group has locked in a binding refinancing agreement with WhiteHawk Capital Partners, securing US$390 million to refinance existing debt and boost liquidity. This move aims to stabilise the company’s financial footing ahead of key regulatory approvals and asset sales.

One stock nearly doubled, another jumped more than 40%, and a finance heavyweight stayed elevated after a merger shock. In resources, the winners were mostly tied to “what was bought” or “what was funded”, while the laggards were often the ones where early optimism quickly turned into selling.

The Star Entertainment Group reports a $110 million statutory loss for H1 FY26 as it undertakes major operational restructuring and seeks refinancing amid challenging market conditions.

The Star Entertainment Group reported a 10% drop in H1 FY26 revenue, offset by a 71% improvement in EBITDA, while navigating ongoing licence suspensions and a critical refinancing process.

The Star Entertainment Group reported a 6% revenue increase to $301 million and a return to EBITDA profit in Q2 FY26, driven by stable Sydney trading, seasonal Gold Coast strength, and a key Brisbane operator fee. Strategic investments and refinancing efforts mark a pivotal phase for the company.

The Star Entertainment Group has reshuffled its leadership, appointing Soo Kim as Chairman and Bruce Mathieson Jnr as CEO, signaling a new strategic phase for the casino giant.

The Star Entertainment Group announces the departure of CEO Steve McCann, with Executive Chairman Bruce Mathieson Jnr stepping in during the search for a new leader. This leadership change follows a strategic investment by Bally’s Corporation, signaling a new chapter for the company.

The Star Entertainment Group has secured crucial regulatory approvals to convert a $300 million strategic investment by Bally’s Corporation and Investment Holdings into equity, setting the stage for board changes and a path toward financial recovery.

The Star Entertainment Group reported a 5% revenue increase in Q1 FY26 and a halving of its EBITDA loss, while navigating regulatory challenges and advancing a major joint venture exit.

The Star Entertainment Group has finalized a crucial covenant waiver with its syndicated lenders, easing financial pressures ahead of its FY2025 audited report. This development clarifies ongoing negotiations and sets the stage for the company’s next financial chapter.

The Queensland Government has postponed the suspension of The Star Gold Coast's casino licence until September 2026, extending regulatory oversight as the company continues remediation efforts.