Star Entertainment, the operator of The Star Sydney and The Star Gold Coast, announced on Monday that its statutory net loss after tax for the year ended June 30 was A$307.3 million (about $220 million). While the loss narrowed from A$427.9 million a year earlier, it still exceeded analysts’ consensus estimate of A$180 million.

Regulatory pressure and debt management

The company said it continues to grapple with challenging trading conditions, heightened regulatory scrutiny and the need to manage its external debt. Since 2021, Star has faced investigations by the Australian Transaction Reports and Analysis Centre (AUSTRAC) over alleged breaches of anti‑money‑laundering and counter‑terrorism financing laws. In 2022, AUSTRAC began civil proceedings against several Star subsidiaries.

In June, a court barred former chief executive Matthias Bekier from managing companies for six years and imposed a A$700,000 fine for failing to address money‑laundering risks.

Liquidity boost and recent growth

In May, Star completed a refinancing that added a $390 million secured term loan from U.S. private‑credit manager WhiteHawk, increasing its available liquidity by A$130 million. The refinancing followed a A$300 million investment in 2025 led by U.S. casino operator Bally’s and the Mathieson family, now the company’s largest existing shareholder.

Despite the broader challenges, Star reported a 6 % increase in combined revenue for its Sydney and Gold Coast operations in July, which the company said reflected stronger customer engagement and a return to growth.

Outlook

Star warned that weak table‑gaming revenue in New South Wales and a pending regulatory penalty will keep conditions tough in the near term. The company remains focused on returning to profitability while navigating ongoing regulatory actions and managing its debt profile.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.