The latest report of the Star Entertainment Group, as revenues decreased by 29 % in the fiscal year 25 compared to the previous year.
This decrease is described as “difficult trading conditions” related to “organizational reforms, including compulsory play and monetary limits in Star SydneyIn addition to “implementing the star treatment program and losing the market share. “
This decrease also reflects the closure of the Brisbane Treasury Casino, and revenue is now now being recognized by the Perbian as a profit / loss from the stocks.
Game revenue decreased by 37 %, but when it excludes the closure of Casino BrisBane, the game revenues decreased by 22 %.
Operating expenses also decreased by 10 %. This has been motivated by closing and the cost of the star, partially corresponding to the increasing costs associated with investment in risk management, controls and information technology.
Star Entertainment CEO about 2025
However, the net financing costs have increased by $ 14 million, reflecting the revised debt package that was implemented in November 2024. It is not surprising that the year has brought more uncertainty and difficulties to the company, with the CEO of the group and administrative manager Steve Macan, with these challenges mentioned.
“I want to acknowledge the hard work and the commitment of our team members in facing the ongoing challenges of the group. While there is still a work to do, I notice the great progress made by the group on the treatment journey so far and the implementation of organizational reforms.
“The group has obtained additional financing to enable the star to continue to provide thousands of jobs and support tourism and entertainment in the markets in which we work.”
McCann continues: “Our announcement today highlights a number of main interdependence that is decisive for the future of the group. The group continues to be a great request Support from a group of stakeholders Including governments, organizers, lenders and investors. Without this support, it will be difficult to navigate the various challenges facing the group and create a sustainable future for work. “
Distinctive image: created by AI via IDEOGRAM
Pamphlet Star Entertainment Fy25 report, with a decrease in revenues of approximately 30 % First appear on reading.
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