{"id":1985799,"date":"2025-08-29T00:45:54","date_gmt":"2025-08-29T00:45:54","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=1985799"},"modified":"2025-08-29T00:45:54","modified_gmt":"2025-08-29T00:45:54","slug":"australias-star-entertainment-reports-narrower-annual-loss-the-mighty-790-kfgo","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/australias-star-entertainment-reports-narrower-annual-loss-the-mighty-790-kfgo\/","title":{"rendered":"Australia\u2019s Star Entertainment reports narrower annual loss | The Mighty 790 KFGO"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<p>-Australia\u2019s Star Entertainment reported a narrower annual loss on Friday, helped by a reduced one-off cost, even as remediation costs and subdued patron spending continued to weigh on its performance.<\/p>\n<p>The casino operator reported a statutory net loss after tax of A$471.5 million ($306.38 million) for the year ended June 30, compared to A$1.69 billion a year earlier.<\/p>\n<p>The result fell short of the consensus estimate of a A$244.5 million loss, according to data from Visible Alpha.<\/p>\n<p>The company\u2019s lackluster performance highlighted ongoing regulatory challenges since 2021, with authorities investigating potential breaches of anti-money laundering and counter-terrorism financing laws.<\/p>\n<p>Star said soft trading conditions persisted through July, particularly at its Star Sydney property, where the casino licence remains suspended until at least September 30.<\/p>\n<p>Star Sydney, the firm\u2019s flagship property, logged an operating loss of A$86.3 million.<\/p>\n<p>($1 = 1.5389 Australian dollars)<\/p>\n<p>(Reporting by Rajasik Mukherjee and Nikita Maria Jino in Bengaluru; Editing by Mohammed Safi Shamsi)<\/p>\n<footer class=\"entry-footer\">\n\t<\/footer>\n<p><!-- #entry-meta -->\n<\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source kfgo.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>-Australia\u2019s Star Entertainment reported a narrower annual loss on Friday, helped by a reduced one-off cost, even as remediation costs and subdued patron spending continued to weigh on its performance. The casino operator reported a statutory net loss after tax of A$471.5 million ($306.38 million) for the year ended June 30, compared to A$1.69 billion [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1985800,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[],"class_list":["post-1985799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/08\/Australias-Star-Entertainment-reports-narrower-annual-loss-The-Mighty.JPG","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/1985799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=1985799"}],"version-history":[{"count":0,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/1985799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/1985800"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=1985799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=1985799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=1985799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}