TLDR Star Entertainment posted a statutory net loss of AU$307.3 million for FY26, an improvement from AU$428 million a year earlier. Normalized EBITDA loss narrowed to AU$16.1 million from AU$76 million in FY25. Corporate costs fell 38% to AU$178 million after organizational changes. July revenue came in 12% higher than the March 2026 low point. The company flagged ongoing uncertainty tied to a possible AUSTRAC penalty and its Sydney license status.
Star Entertainment Group has reported a statutory net loss of AU$307.3 million for the year ended June 30, 2026. That figure is an improvement from the AU$428 million loss the company posted a year earlier.
Normalized EBITDA loss also narrowed. It came in at AU$16.1 million for FY26, down from a loss of AU$76 million in FY25.
Cost Cuts and Revenue Trends
Star said the improved results came after a review of its organizational structure and business strategy. The company cut the size of its corporate office, which helped lower corporate costs by 38% to AU$178 million.
Despite these cuts, normalized revenue fell 2.2% to AU$1.1 billion. The company said the third quarter was its weakest stretch before it shifted focus toward customer experience and marketing.
Group-wide revenue in July was 12% higher than during the low point recorded in the March 2026 quarter. Combined revenue from The Star Sydney and The Star Gold Coast rose 6% year-on-year and 8% above the fourth-quarter average, reaching AU$92.4 million.
Star said gaming machines drove much of that gain. If the trend holds, the current quarter could produce the highest average monthly revenue since the second quarter of 2025.
The gains follow a November 2025 deal in which Bally’s Corp and Investment Holdings Pty Ltd took a controlling stake in the company.
Sydney and Gold Coast Performance
The Star