Australia’s Star Entertainment Group has reported a statutory loss of AU$471.5 million (US$308 million) for the financial year ended 30 June 2025, impacted by a 29% year-on-year decline in group-wide revenue including a 37% fall in gaming revenue.
Although the FY25 loss was narrowed from the AU$1.69 billion (US$1.10 billion) loss reported a year earlier, this was due only to a non-cash impairment recognized in FY24. On a normalized basis, Star’s FY25 loss would be AU$259 million (US$169 million) – reversing a normalized AU$12 million (US$7.8 million) profit in the prior year period.
In a filing, Star said the 29% decline in revenue to AU$1.19 billion (US$777 million) reflected challenging trading conditions due to regulatory reforms including mandatory carded play and cash limits at The Star Sydney, implementation of its remediation program and loss of market share.
