Star Entertainment Group Limited (AU:SGR) has released an update.
Star Entertainment Group reported a challenging first quarter, with a revenue decline of 18% compared to the previous year and an EBITDA loss of $18 million. The company faces a tough operating environment and regulatory changes, including a $15 million penalty, while working on a new debt facility for additional liquidity. Despite the setbacks, The Star Brisbane has started its phased opening, aiming to stabilize future revenues.
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