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Star Entertainment Group Limited ( (AU:SGR) ) just unveiled an update.
The Star Entertainment Group reported a revenue increase to $284 million for Q1 FY26, with a reduced EBITDA loss of $13 million, reflecting stabilized trading despite challenging conditions due to regulatory changes. The company is undergoing significant restructuring, including exiting joint ventures and securing strategic investments, while facing uncertainties related to regulatory approvals and financial covenants, impacting its capital management strategy.
The most recent analyst rating on (AU:SGR) stock is a Sell with a A$0.09 price target. To see the full list of analyst forecasts on Star Entertainment Group Limited stock, see the AU:SGR Stock Forecast page.
More about Star Entertainment Group Limited
The Star Entertainment Group Limited operates in the entertainment and hospitality industry, primarily offering casino and resort services. The company focuses on the Australian market, with properties in Sydney, Gold Coast, and Brisbane.
Average Trading Volume: 12,139,938
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$263.7M
See more insights into SGR stock on TipRanks’ Stock Analysis page.