Star casino gets smashed as gamblers flock to pubs and clubs

Star posts $300m loss as it attempts turnaround

Casino firm Star Entertainment pulled back from the brink of collapse thanks to a deal with US giant Bally's and pub billionaire Bruce Mathieson. Now its shares are set to return to trade, after it posted a steeper-than-expected financial fall.

Star casino gets smashed as gamblers flock to pubs and clubs

New pokies restrictions to prevent money-laundering have hit the casino operator hard as punters opt for cash-friendly alternatives.

The Star reports significant financial loss in first half of 2025

The Star Entertainment Group (The Star) published its delayed half-year results on Tuesday after missing its February 28 deadline. The Australian casino operators reported a net loss of $302m, compared with a $9m profit during the same period in 2024. Revenue in the six months to 31 December 2024 was also 25 per cent lower than the prior corresponding period at $650m. The company told investors the loss was a result of challenging trading condit…

CEO McCann says Star can quickly return to profitability if safer gambling initiatives also applied to pubs and clubs

Star Entertainment Group CEO and Managing Director Steve McCann told investors Tuesday that he is confident the company would quickly become profitable again if the same safer gambling initiatives imposed on its NSW and Queensland casinos were also rolled out across the states’ pubs and clubs. His comments, put forward during Star’s 1H25 earnings call, come after the company reported an AU$302 million (US$192 million) loss which it says was larg…