The Star Entertainment reports $307M loss in FY26

• The Star Entertainment Group reported a $307.3 million loss in FY26.
• The company completed a $300 million equity investment from Bally's and Investment Holdings.
• The casino operator reported $267 million in cash and cash equivalents on hand at the end of FY26.

The Star Entertainment Group (ASX:SGR) reported a $307.3 million loss in FY26, an improvement on the $427.9 million it lost in FY25.

The embattled casino operator completed a $300 million equity investment from Bally's and Investment while reporting $267 million in cash and cash equivalents on hand for the full year ended June 30.

The capital influx followed a burn rate of $20 million per month during the first half of 2026 before operating property revenues stabilised in the fourth quarter.

The company stated that group corporate costs fell $75 million across FY26, with fourth-quarter corporate costs running $36 million lower on an annualised basis.

Group CEO and Managing Director Bruce Mathieson Jnr said. "The group has successfully refinanced its corporate debt and continued the work of strengthening its balance sheet with a strong liquidity position. These achievements have provided greater stability and a stronger foundation for the future."

The transaction also eliminated a $700 million guarantee on DBC debt through the completion of the first stage of the JVP Transaction.

Following the announcement, The Star Entertainment Group share price was down at $0.12.

The casino operator restructured its leadership board in December 2025 and appointed Bruce Mathieson Jnr as Group CEO to execute a comprehensive resourcing review.

The ongoing operational efficiency initiatives follow the second anniversary of The Star Brisbane, where earnings before interest, taxes, depreciation, amortisation, and management fees reached an average monthly rate of $13 million.