Star Entertainment Returns to Profit as Revenue Improves
Star Entertainment Group returned to positive earnings in the September quarter, supported by higher revenue and lower corporate costs. The Australian casino operator reported consolidated EBITDA of A12 million for the three months ended September 30, compared with a 13 million loss in the same period last year. Group revenue increased 2% year-on-year to A$284 million. The Star Sydney and The Star Gold Coast generated more than 98% of consolidated first-quarter revenue, while Brisbane also delivered a strong result. Star […] The post Star Entertainment Returns to Profit as Revenue Improves appeared first on World Casino News.
Star Entertainment Group returned to positive earnings in the September quarter, supported by higher revenue and lower corporate costs. The Australian casino operator reported consolidated EBITDA of A12 million for the three months ended September 30, compared with a 13 million loss in the same period last year. Group revenue increased 2% year-on-year to A$284 million. The Star Sydney and The Star Gold Coast generated more than 98% of consolidated first-quarter revenue, while Brisbane also delivered a strong result. Star […]
The post Star Entertainment Returns to Profit as Revenue Improves appeared first on World Casino News.
