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The Star Entertainment Group Limited (ASX:SGR)

ALERT: Price-sensitive ASX Announcement for SGR
Current share price for SGR : $0.100 -0.015 (-13.04%)+
Announcement
Release
28 Apr 2026 9:23AM
Price at Release
$0.115
Full Release
download
Summary
The Star Entertainment Group Limited reported a revenue of $266 million for Q3 FY26, reflecting a 12% decrease from Q2 FY26. Despite the drop in revenue, the EBITDA loss was reduced to $1 million from $24 million in Q3 FY25 due to cost-saving initiatives. The company is engaged in refinancing its debt through a binding agreement with WhiteHawk. Available cash as of the end of March 2026 stood at $90 million. Regulatory changes affected The Star's casino licenses, with some extensions on suspensions. The completion of the first stage of the JVP Transaction marks The Star's exit from the Destination Brisbane Consortium. The company's operations remain contingent on addressing key uncertainties.
Key Points
  • Q3 FY26 revenue was $266 million, down 12% from Q2 FY26.
  • EBITDA loss for Q3 FY26 was $1 million, a 96% reduction compared to Q3 FY25.
  • The Star entered a refinancing agreement with WhiteHawk to refinance existing debt.
  • Available cash as of 31 March 2026 was $90 million.
  • Cost-saving initiatives are underway, including corporate office streamlining.
  • The Star's casino licenses faced regulatory updates, with some suspensions extended.
  • The JVP Transaction's first stage was completed, exiting the Destination Brisbane Consortium.
  • Payments to related parties totaled $3.9 million for operating activities.
  • Mandatory carded play and cash limit regulations were implemented in The Star Sydney.
  • The Star's future operations depend on resolving material uncertainties.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.