{"id":15039,"date":"2026-02-02T08:30:00","date_gmt":"2026-02-02T13:30:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=europe&#038;p=15039"},"modified":"2026-02-02T06:33:00","modified_gmt":"2026-02-02T11:33:00","slug":"the-star-entertainment-group-turns-ebitda-positive-as-refinancing-deadline-nears","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/the-star-entertainment-group-turns-ebitda-positive-as-refinancing-deadline-nears\/","title":{"rendered":"The Star Entertainment Group turns EBITDA-positive as refinancing deadline nears"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Star Entertainment Group reported a <strong>Q2 FY26 EBITDA profit of A$6 million<\/strong> (before significant items), its first positive quarterly EBITDA in roughly two years, as The Star Entertainment Group also warned that a <strong>refinancing process is now underway<\/strong> with no certainty on timing or outcome.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the quarter ended <strong>31 December 2025<\/strong>, The Star Entertainment Group posted <strong>revenue of A$301 million<\/strong>, up <strong>6%<\/strong> versus Q1 FY26, reflecting stabilised trading in Sydney, seasonally stronger volumes on the Gold Coast, and a higher operator fee from its Brisbane operations.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/mve-ads\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"575\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/mundo-video-ads-to-attend-g2e-las-vegas-2025-to-strengthen-partnerships-and-boost-brand-visibility-in-the-gaming-industry3.jpg\" alt=\"\" class=\"wp-image-14037\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/mundo-video-ads-to-attend-g2e-las-vegas-2025-to-strengthen-partnerships-and-boost-brand-visibility-in-the-gaming-industry3.jpg 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/mundo-video-ads-to-attend-g2e-las-vegas-2025-to-strengthen-partnerships-and-boost-brand-visibility-in-the-gaming-industry3-300x173.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/10\/mundo-video-ads-to-attend-g2e-las-vegas-2025-to-strengthen-partnerships-and-boost-brand-visibility-in-the-gaming-industry3-768x442.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Liquidity remains tight. The Star Entertainment Group said it had <strong>A$130 million of available cash<\/strong> at 31 December 2025 (A$171 million cash and equivalents less A$41 million restricted cage cash).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The refinancing clock is explicit: The Star Entertainment Group must deliver a <strong>Senior Facility Agreement<\/strong> compliance certificate <strong>by 14 February 2026<\/strong>, and it does <strong>not expect to meet<\/strong> some covenants for the 12-month period ended 31 December 2025. The Star Entertainment Group added that, if a \u201csuitable commitment letter\u201d is in place when the certificate is delivered, any covenant breach could be deferred\u2014provided refinancing completes <strong>before 31 March 2026<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/02\/the-star-entertainment-group-turns-ebitda-positive-as-refinancing-deadline-nears2.jpg\" alt=\"\" class=\"wp-image-15041\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/02\/the-star-entertainment-group-turns-ebitda-positive-as-refinancing-deadline-nears2.jpg 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/02\/the-star-entertainment-group-turns-ebitda-positive-as-refinancing-deadline-nears2-300x200.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/02\/the-star-entertainment-group-turns-ebitda-positive-as-refinancing-deadline-nears2-768x512.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Operational headwinds persist. The Star Entertainment Group noted that, since mandatory <strong>carded play<\/strong> and <strong>A$5,000 daily cash limits<\/strong> were fully implemented across its NSW gaming floor on <strong>19 October 2024<\/strong>, Sydney\u2019s average daily revenue has declined <strong>19%<\/strong> through 31 December 2025 versus the pre-reform baseline.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On ownership, The Star Entertainment Group said it has completed <strong>A$300 million<\/strong> in strategic investments, leaving <strong>Bally\u2019s<\/strong> with about <strong>38%<\/strong> of issued capital and <strong>Investment Holdings<\/strong> with about <strong>23%<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Star Entertainment Group EBITDA positive Q2 FY26, casino operator refinancing deadline, Australian gaming cash position<\/p>\n","protected":false},"author":1,"featured_media":15040,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[4981,3184,4804,4982],"class_list":["post-15039","europe","type-europe","status-publish","format-standard","has-post-thumbnail","category-sin-categoria","tag-austalia","tag-europe","tag-nsw","tag-the-star","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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