SGR share price and company information for ASX:SGR

The company is burning through cash at the rate of $35 million a month, which gives it about six weeks of funds left before emptying its piggy bank. Revenue slumped 19 per cent over the last 12 months, with Star Sydney the company’s worst-performing asset. Morningstar still expects earnings to recover in the medium term as the Queen’s Wharf development ramps up, cyclical discretionary weakness turns and regulatory costs ease. The company has taken an appropriate approach to shareholder distributions with the suspension of dividends during the pandemic. The remains their intention until suitable providing it remains within its target leverage range at the time. Star has arguably underinvested in its Sydney BK9 casino online gaming trends 2026, however the $500 million sunk in improving its VIP gaming segment is unlikely to deter Crown casinos from capturing 60% of its VIP market share by fiscal 2025. Boosted by new developments in Queensland and a recovery from current headwinds, we project a 5% annual revenue growth for the five years ending fiscal 2029.
I'm not sure why the Grattan Institute cares whether people are dying with large super balances? I mean, online gambling industry news wasn't everyone pointing the finger at retirees for spending more than other generations (unfairly in my view - and PlayAmo no deposit bonus, I'm still working). US financial giant Oaktree also offered to refinance Star’s debt if it could reach agreement with Star lenders owed more than $450 million, and provide up to $650 million of fresh funding. The deal was subject to numerous conditions and there was no guarantee it would progress, Star said. This includes its major shareholder, pokies billionaire Bruce Mathieson, offering to buy its Gold Coast casino.
An American casino operator controlled by a New York hedge fund has joined the opportunists sniffing around embattled Star Entertainment Group, which is on its last legs and desperately seeking a capital injection to avoid administration. The casino operator warned that additional equity may be required as part of the refinancing of the DBC debt facility. Star first entered the deal with its the Hong Kong investors in early March, after months of warnings about its financial future — and prior to the bigger deal struck with Bally's and the Mathiesons. The Australian Financial Review reported that the company had failed to raise the funding required to meet near-term payments, including for payroll, which puts the company at serious risk of running out of cash. After a brief trading halt on Friday morning, Star shares plunged 15.4 per cent to 11¢, valuing the company once worth $5 billion at about $315 million. Star did not name the parties that are expected to provide an offer of financing, but it has confirmed previously that US finance giant Oaktree has tried to buy out Star’s debt from its lenders.
The longer-term investment case is clouded by the threat of Crown Sydney, liquidity risk and tightening regulatory measures. This article explores the once monopolistic establishment and why we believe its trading over 50% below its fair value. Star Entertainment’s shares will remain suspended for at least another week as the casino operator’s chief executive, Steve McCann, tries to secure the last of a series of deals critical for the company to stay solvent.
With prevailing balance sheet concerns and liquidity risk, we assign Star a Poor Capital Allocation Rating. Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube. By taking up this offer, you will also be enrolled in our auto-renewal program, which is our way of making your ongoing subscription easier by ensuring uninterrupted service.
Salon 95 continued to operate even after then-Star CEO Matt Bekier told regulators his company had severed business links to Suncity. Star was deemed unfit to hold its NSW licence by the first Bell inquiry in 2022. Since then, Star Sydney has since been under the supervision of a state-appointed manager – Nick Weeks. Weeks’ term has been extended multiple times and currently runs through September. Each were in breach of Listing Rule 17.5 for not lodging the relevant periodic report by the due date.
Sacks said the US government will have a strategy to maximise the value of its holdings in such a reserve, but he didn't offer details as to how. As noted, White House-appointed 'AI and Crypto Czar' David Sacks revealed on X (formerly Twitter) that Trump signed an executive order to establish a "strategic Bitcoin". A full-blown trade war could also impact the direction of local interest rates and the Aussie dollar — which has already faced much volatility. According to the corporate watchdog ASIC the entity was registered on March 3 this year, and lists Melbourne businessmen Nicholas Dobromilsky and Graeme Wilson as its directors. The dairy giant did not name those involved in the new entity but said it was being led by "two experienced Australian casino top provider slots 2026 businessmen with supply chain and manufacturing expertise".
Star Entertainment was suspended from trading by the ASX on Monday over its failure to lodge financial statements for the December half-year. Star Entertainment Group was delisted from the Australian Securities Exchange on Monday as the group faces scrutiny over a series of scandals related to criminal activity and unethical conduct at its top real money casinos Australia. "Any deal that promises to keep venues in Brisbane, the Gold Coast and Sydney operating as a going concern is a good result for the Star workers, their families and the communities they live in," the union’s top online casino with welcome bonus Australia director Andrew Jones said. "We’re always looking at everything within the best interest of the staff certainly our shareholders," Daniel Finch, CEO The Star Brisbane, said 7NEWS on Monday.