The Star Entertainment's First Quarter Results Show Improvement

Australian casino and hospitality company The Star Entertainment Group has released its first quarter results for the fiscal year. In the three-month period ended at the end of September 2026, the company's revenue was AUD 284 million (US$199.6 million). Revenue rose 2% year on year and 8% quarter on quarter.

The group's EBITDA came in at AUD 12 million (US$8.4 million). This represents a 191% increase year on year and a 228% increase quarter on quarter. In the first quarter of last year, the EBITDA loss was AUD 13 million, and in the fourth quarter it was AUD 9 million.

The Star Sydney and The Star Gold Coast properties showed revenue growth for the first time in the company's quarterly reports. Sydney's revenue was AUD 162 million, and its casino licence remains suspended. Gold Coast's revenue was AUD 117 million, and its EBITDA was reported at AUD 20 million. The postponement of the Gold Coast casino licence suspension has been extended to 31 March 2027. The Star Brisbane's EBITDA reached a record AUD 37 million.

As of 30 September 2026, the company had AUD 239 million in cash and cash equivalents. Because operating free cash flow was positive in the first quarter, the company expects its first full-year net operating cash inflow in more than two years in fiscal 2027. However, the company notes that the improvement depends on certain uncertainties. Meanwhile, the company was fined AUD 260 million over systemic AML deficiencies between 2016 and 2022.