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The Star Entertainment Group
The Star Entertainment Group (SGR) investor relations material
The Star Entertainment Group AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2025 summary25 Nov, 2025
Opening remarks and agenda
Meeting opened with a welcome, introduction of the Board, and confirmation of a quorum, with hybrid attendance options and webcast availability.
Outlined meeting procedures, voting processes, and opportunities for shareholder questions both in-person and online.
Financial performance review
FY 2025 saw a material deterioration in financial performance, with a 30% revenue decline at Sydney and 19% at Gold Coast since FY 2023.
Non-gaming revenue remained stable, but significant costs from remediation led to a combined EBITDA decline of AUD 260 million over two years.
Q1 FY 2026 showed early signs of improvement, with revenue up 5% from the previous quarter and a reduced EBITDA loss.
Liquidity challenges addressed through asset sales, cost reductions, and a strategic AUD 300 million investment from Bally's and Investment Holdings.
Board and executive committee updates
Michael Issenberg retired; Don Pasquariello to join as non-executive director pending approvals.
Anne Ward to retire following completion of the share conversion; Bruce Mathieson Jr. and Bally's nominees joining the Board.
Board renewal and governance changes implemented, with new independent directors at property boards.
DBC transaction: What is the termination risk?
How to balance compliance with customer retention?
What is the post-transition strategy for growth?
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Next The Star Entertainment Group earnings date
H1 202614 Apr, 2026
The Star Entertainment Group
Next The Star Entertainment Group earnings date
H1 202614 Apr, 2026
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Frequently asked questions
Star Entertainment Group Limited, listed on the ASX, is a prominent entity in the Australian leisure and entertainment sector. The company's portfolio includes ownership and operation of premier integrated resorts such as The Star Sydney, The Star Gold Coast, and Treasury Brisbane. Additionally, it manages the Gold Coast Convention and Exhibition Centre on behalf of the Queensland Government. The company is headquartered in Brisbane, Queensland, and its shares are listed on the ASX.
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