Star Entertainment Group Limited (AU:SGR) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into AU:SGR stock, check out TipRanks’ Stock Analysis page.
