The Star Entertainment Group ASX:SGR Stock Price & Overview

The distressed Star Entertainment will pay up to $10 million to a US hedge fund for a debt facility that was never used, or signed-off on. It notes that the high end of this range is based on the implementation of NSW quick crypto casino withdrawals Australia duty rate increases as proposed by the NSW Government, whereas the low end of the range assumes no change in NSW Pullman Reef hotel casino king size beds duty rates. In light of this, Star expects to report underlying EBITDA of $195 million to $205 million during the first half. Though, it is worth noting that this excludes provisions gin poker hand guide for beginners fines and one-off legal costs which will be treated as significant items. But with declining financials, it is becoming difficult for Star to meet the conditions to unlock any of these potential funds. According to separate reporting from The Aus, Star also needs to secure another $1.6 billion to refinance its Queen’s Wharf facility in Brisbane.
This includes a $100 million lifeline from its bank, and another $150 million debt facility through broker UBS. Both the New South Wales and Queensland Governments have ruled out direct financial support. As part of the review, Star’s license to operate The Star Gold Coast was called into question.
This means the Star share price is down approximately 60% over the last 12 months. The casino still has to secure multiple tranches of financing to safeguard its future as an operating business. Some analysts now suggest a 50% probability of Star entering administration, which could wipe out holders of Star Casino shares completely. Regulatory fines, weak trading conditions, Best Aussie online casinos 2026 implementation of cashless gaming laws, and hefty operational costs are the primary culprits behind this dire situation. Just last week, the company reported spending $107 million maintaining its current operations in the three months to December 2024. The stock is now holding on for dear life as Star executives scramble to keep the company afloat and at least some of shareholders’ wealth in situ.
Morningstar analyst Angus Hewitt considers a 50% chance that the company falls into administration and lowers his valuation by 60% to $0.20 whilst our going concern valuation is $0.40 per share. Unfortunately, PlayCroco RNG certification the inquiry is not off to a great start for Star shareholders, putting pressure on Star Shares. The Star Entertainment share price is now down 24.64% over four trading sessions, as depicted in the chart below. Shares in Star have rallied, however, after the FastPay Casino support tickets operator confirmed it had received bids to buy out its stake in Brisbane’s Queen’s Wharf development, as it warned of “material uncertainty” about its future prospects.
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