The Star Entertainment Group has posted its Fiscal Year 2026 results, ending 30 June 2026. The group reported a statutory net loss of AU$307.3m, primarily due to difficult trading conditions and ongoing compliance challenges.
Nevertheless, this marks an improvement compared to the AU$428m loss recorded in the previous year. Furthermore, FY26 normalized revenue amounted to AU$1.1bn, a slight 2.2% fall.
The normalized EBITDA loss in FY26 of AU$16.1m was also an improvement over the FY25 loss of AU$76.2m. Recent initiatives in H2 FY26 led to revenue growth in the slots market across all properties and to a reduction in corporate overheads, including streamlining the corporate office. However, table games revenue at The Star Sydney declined, indicating continued softness.
In July, combined revenue for The Star Sydney and The Star Gold Coast reached AU$92.4m, marking a 6% increase compared to July 2025 and an 8% rise over the Q4 FY26 monthly average. These results reflect continued gains in customer engagement and a return to growth. As at 30 June 2026, The Star had cash and cash equivalents of $267m.
On 7 May 2026, The Star completed a US$90m refinancing with WhiteHawk Capital Partners, extending its secured term loan to May 2029 and increasing the Group’s available liquidity by approximately AU$130m.
Star FY26 results (in AU$m)
Despite some improvement, Star’s auditors flagged significant uncertainty over the group’s ability to meet its financial obligations over the next 12 months, particularly in relation to the AUSTRAC penalty and its existing liquidity and ability to obtain additional funding.
There are also concerns about regaining suitability for the Sydney license, which is critical to its liquidity and financial outlook.
Group CEO and Managing Director, Bruce Mathieson Jnr, commented on the results: ‘’The Group has successfully refinanced its corporate debt and continued the work of strengthening its balance sheet with a strong liquidity position.
‘’These achievements have provided greater stability and a stronger foundation for the future. Returning to suitability remains critical to our future, and the work required to achieve that objective has and is being increasingly embedded in how we operate every day.’’
It is also important to note that Bally’s, the largest shareholder in Star, has recently warned that it may struggle to meet its debt obligations without asset sales or additional financing, raising concerns over its ability to support Star Entertainment’s turnaround.
Earlier this month, New South Wales’ casino regulator penalized Crown Sydney and The Star Sydney AU$2.25 million over minor access violations.
