Star Entertainment Posts Loss, Says Revenue Continues to Fall

Star Entertainment Group Ltd. finally released its long-delayed first-half results, showing it posted a A$136 million ($86 million) loss and that trading conditions continue to deteriorate across its casinos.

Revenue plunged 25% to A$650 million in the six months ended Dec. 31, Star said in a statement Tuesday. It has continued to weaken, falling 9% in the the first three months of this year, hit by cash limits at its Sydney complex and challenging trading conditions at its Gold Coast casino.