Good Morning. Surviving the storms. The Star Entertainment Group reported a narrower quarterly loss with $184.6 million in revenue, facing ongoing regulatory challenges and uncertainties regarding financing. Still in Oceania, SkyCity Entertainment anticipates trading to align with forecasts and reaffirmed earnings recovery guidance for fiscal 2026, while implementing cost-saving measures and addressing regulatory compliance issues. Meanwhile, Macau’s gross gaming revenue in October reached its highest level since the start of the pandemic, rising to $3 billion.
What you need to know
- The Star Entertainment Group reports a reduced quarterly loss as revenue improves modestly, but operating conditions remain challenging amid ongoing regulatory pressure.
- SkyCity Entertainment said it expects trading to remain broadly in line with forecasts in the year ahead.
- Macau’s gross gaming revenue in October reached its highest level since the start of the pandemic, rising to $3 billion.
On the radar
- Curacao Gaming Authority updates fee policy under new LOK framework.
- Cambodian authorities suspend casino license after tech-based scam uncovered.
- Thailand’s Anutin reaffirms no-casino stance in talks with China’s Xi.
- Paradise delays acquisition of Grand Hyatt Incheon West Tower.
AGB Intelligence
AUSTRALIA
Star Entertainment narrowed losses but regulatory scrutiny intensifies
The Star Entertainment Group reports improved quarterly results with revenue of $184.6 million for the three months ending September 30, marking a 5 percent increase from the previous quarter but a 19 percent decline year-over-year. Despite improved EBITDA losses, the company faces challenging operating conditions due to regulatory pressures, mandatory cash and carded-play rules, and uncertainties regarding financing and legal outcomes. The Star Sydney’s revenue remained flat, while the Gold Coast saw a 9 percent increase in revenue.
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