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 largely attributable to the recent rollout of mandatory carded play, time limits and enhanced customer due diligence processes.
In particular, McCann noted that significant declines in Star’s gaming revenues were due to a loss of market share rather than any broader industry headwinds, with both NSW and Queensland having reported record gaming machine revenues in 2024.
