The Star Entertainment has acknowledged that liquidity and financial viability remain the most pressing concerns for management amid ongoing regulatory challenges.

The Star Entertainment has announced the successful execution of long-form documentation for a new debt facility totaling $129 million.

Despite its efforts, The Star continues to face complications, with the most recent news that equity manager Perpetual Ltd. unloaded some $17.17 million in company stock.

Australian gaming operator The Star fell to negative EBITDA in its first financial quarter, ending September 30th, amongst a ‘challenging operating environment and the continued implementation of mandatory carded play and cash limits’.

After questions raised by the Australian Securities Exchange (ASX) compliance, The Star Entertainment Group Limited has defended its decision to not disclose an $966 million non-cash impairment charge prior to its latest financial report.

Too big to fail? NSW gaming authorities have chosen to continue the suspension of The Star's Sydney casino license, rather than cancel it outright. Authorities praise better communication while also highlighting the group's difficult financial situation, giving it until March of 2025 before another evaluation. Meanwhile, in Macau VIP play in 3Q24 appeared to improve, making up nearly one-quarter of GGR. Also, the SAR passed new legislation aimed at preventing gambling crimes - including undercover agents.

Australian gaming operator The Star has been fined and had license conditions imposed on its Sydney operations however it has not had its casino license cancelled entirely.

The Star is on tenterhooks, waiting to find out whether it will be able to maintain its casino license in Sydney following the Bell Two inquiry. And while losing its license is a major possibility, a former regulator questions whether it might avoid such an economic disaster by being deemed 'too big to fail'. No matter what, the company is likely to face the music for its actions this month. Meanwhile, things aren't looking so bright for Okada Manila, as its third-quarter results saw both yearly and quarterly slowdowns, despite machine revenue faring fairly better than VIP or mass.

Australia’s beleaguered gaming operator The Star has already been facing hardships but is likely to be facing more ahead, as the New South Wales Independent Casino Commission (NICC) will announce to address the findings of the Bell Two inquiry ‘and any subsequent disciplinary outcomes’ sometime this month.

Losses in the stars. The Star Entertainment Group has reported a net loss of nearly AU$1.69 billion ($1.16 billion) for the fiscal year ending June 30, primarily due to reduced venue valuations in light of challenging trading conditions and regulatory changes. Nearby, SkyCity Entertainment Group has confirmed it has been penalized NZ$4.16 million ($2.6 million) for historical breaches of anti-money laundering and terrorism financing obligations.