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.

Australian casino operator, The Star Entertainment Group Ltd, reported a net loss of nearly AU$1.69 billion ($1.16 billion) for the fiscal year ending June 30th.

Saved by the bell. The Star Entertainment Group has announced a one-day postponement of its annual results following the acquisition of an essential AU$200 million ($136 million) debt relief package. The agreement follows extensive negotiations between Star’s chief executive, its lenders, and various state authorities over several weeks. Also in Australia, opponents of a proposed ban on gambling advertisements are advocating for age verification methods to prevent minors from accessing sports betting content. As for Macau, tourism authorities are expecting over 100,000 daily visitors during the October Golden Week, as hotel bookings and occupancy rates surge.

The Department of Labor and Employment (DOLE) in the Philippines has initiated the process of profiling workers from Philippine Offshore Gaming Operators (POGOs) who will be affected by the government’s decision to halt all POGO operations by the end of this year, as mandated by President Ferdinand "Bongbong" Marcos Jr.

Australian gaming operator The Star Entertainment Group, facing significant challenges, announced that it will postpone the release of its annual results by one day after securing an essential AU$200 million ($136 million) debt package.

A friend in need is a friend indeed. The Star is using all of its connections to urgently restructure its finances, with lenders now offering the company a lifeline, however with conditions. Current hopes are to raise up to $236 million in time for upcoming deadlines. Meanwhile, in Macau gross gaming revenue was tracking down in September, causing forecast revisions. However, Golden Week next month is still looking strong - both for hotels and gaming spend, even though consumer sentiment in mainland China is low.

Authorities in Thailand have arrested a well-known Thai boxer simply known as “Sutthiwat” for promoting gambling websites.

The Star Entertainment Group is poised to receive a financial lifeline from its lenders through a strategic five-point plan aimed at stabilizing the gaming group.

The Star Entertainment Group Limited has been given until September 27th to reply to a "show cause" notice by the New South Wales Independent Casino Commission (NICC) following the release of the final report from the 2024 Independent Inquiry into the company.

Macau's hotel sector recorded a gross profit of nearly MOP8.16 billion ($1.02 billion) in 2023, with five-star hotels contributing almost MOP5.88 billion ($736 million), or 72 percent of the total.