SGR ASX: Star attempts to grow revenues after $300m loss in horror six months

Star, which operates casinos in Brisbane, the Gold Coast and Sydney, entered a trading halt before the Australian share market opened on Friday after failing to post its half-year financial results. Australia’s embattled Star Entertainment Group was suspended from the ASX, the country’s stock exchange, on Monday for failing to file its financial results. Equity analysts are not so confident, with Morningstar analyst Angus Hewitt, in a note to investors, saying that at its current cash burn, Texas Hold’em basics 2026 the company would be lucky to make it to its interim results scheduled for February 28. “We now incorporate a 50 per cent probability that Star falls into administration, and equity holders are wiped out,” Hewitt said. Significant regulatory and financial challenges are clouding the company’s future. So there’s no doubt that investors are wondering what the Star Casino share price is actually worth.
The European Central Bank has cut interest rates as expected on Thursday and kept the door ajar to more, even as a looming trade war with the US and plans to boost military spending drive Europe’s biggest economic policy upheaval in decades. Tony Sycamore from IG has circulated a note that highlights how to play slots online dire the price action has been on the stock market in recent weeks. ABS head of business statistics Robert Ewing said that while spending on goods pushed up overall spending in late 2024, a 1.5 per cent rise for services drove the January growth. The executive order creates a US digital asset stockpile but the US will not sell any Bitcoin deposited into the reserve.
Don’t worry, though – you’re not locked in, and can cancel your auto-renewal at any time before each ‘anniversary’ date without question or penalty. Sign Up for Take Stock Investment news, stock ideas, and more, straight to your inbox. The stock has been crushed, but one major broker thinks the worst may be behind it. In a report to clients, analyst Matt Ryan suggested that the Sydney casino bonus terms property could be valued as low as $8 million, according to The Australian.
Findings and recommendations from the report have flowed on to have negative consequences to the Star top e‑wallet casino mobile payments share price. Star has been grappling with a number of tension points since the release of the NSW Independent Casino Commission (NICC)’s Bell Two Inquiry into the casino operator. “While discussions continue with respect to a range of different solutions, there is no certainty that any of these negotiations will result in one or more definitive arrangements that might materially increase the group’s liquidity position.
I’m not sure why the Grattan Institute cares whether people are dying with large super balances? I mean, wasn’t everyone pointing the finger at retirees for spending more than other generations (unfairly in my view – and no, I’m still working). US financial giant Oaktree also offered to refinance Star’s debt if it could reach agreement with Star lenders owed more than $450 million, and provide up to $650 million of fresh funding. The deal was subject to numerous conditions and there was no guarantee it would progress, Star said. This includes its major shareholder, pokies billionaire Bruce Mathieson, offering to buy its Gold Coast Sol Casino account setup.
Remember that individual shares or investments should only be considered as part of a broader investing strategy. So first is the cyclical downturn in discretionary spending that’s weighing on main floor gaming. We do expect VIP gaming to come back to levels much, much lower than it was pre-COVID. This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. The potential collapse of the company puts the jobs of about 9,000 workers across its three casinos on the line. The Razz Fourth Street casino tech stack group could be broken up in the process, as administrators would search for buyers for individual assets, if the company can’t be rescued as a whole.
The Company operates The Star Sydney (Sydney) and The Star Gold Coast (Gold Coast). The Sydney segment consists of The Star Sydney’s casino operations, including hotels, restaurants, bars and other entertainment facilities. The Gold Coast segment consists of The Star Gold Coast’s casino operations, including hotels, theatres, restaurants, bars and other entertainment facilities. Star Brisbane, including casino operations, hotel, restaurants, bars and other entertainment facilities. The Company also manages the Gold Coast Convention and Exhibition Center on behalf of the Queensland Government. The Company owns Broadbeach Island on which The Star Gold Coast casino is located.