Star Entertainment Reports Q1 FY27 Revenue and EBITDA Growth

The Star Entertainment Group reported its Q1 FY2027 financial results, showing a 2% year-on-year revenue increase to AUD 284 million and a 191% year-on-year EBITDA rise to AUD 12 million. The company anticipates generating net annual operating cash inflows for FY2027, even as its casino licenses remain suspended.

What Happened

The Star Entertainment Group (The Star) released its financial results for the first quarter of the fiscal year, ending September 30, 2026. The report indicated that group revenue reached AUD 284 million, marking a 2% increase year-on-year and an 8% increase quarter-on-quarter. Group EBITDA stood at AUD 12 million, representing a significant 191% increase year-on-year, contrasting with EBITDA losses of AUD 13 million in Q1 FY2026 and AUD 9 million in Q4 FY2026, according to GamblingNews.

Both The Star Sydney and The Star Gold Coast properties contributed to the revenue improvements, a first since the company began issuing quarterly reports in September 2024. The Star Sydney recorded AUD 162 million in revenue, up 1% year-on-year, and AUD 15 million in EBITDA for Q1 FY2027. The Star Gold Coast reported AUD 117 million in revenue and AUD 20 million in EBITDA, reflecting improvements of 12% and 92% respectively. Additionally, The Star Brisbane achieved a record EBITDAM of AUD 37 million, alongside AUD 23 million in unallocated corporate costs, as detailed by GamblingNews.

Key Details

• Group revenue for Q1 FY2027 reached AUD 284 million, a 2% year-on-year increase and an 8% quarter-on-quarter increase, according to GamblingNews.
• Group EBITDA for Q1 FY2027 was AUD 12 million, up 191% year-on-year, reversing EBITDA losses from the prior year and quarter (GamblingNews).
• The Star Sydney reported Q1 FY2027 revenue of AUD 162 million and EBITDA of AUD 15 million, while The Star Gold Coast generated AUD 117 million in revenue and AUD 20 million in EBITDA (GamblingNews).
• The Star Brisbane achieved a record EBITDAM of AUD 37 million for Q1 FY2027 (GamblingNews).
• As of September 30, 2026, The Star held AUD 239 million in cash and cash equivalents (GamblingNews).

Why It Matters

The reported financial improvements signify a notable operational shift for The Star, particularly the positive group EBITDA and revenue growth across its key properties, marking the first such improvements since quarterly reporting commenced in September 2024. The company’s expectation of generating net annual operating cash inflows for FY2027, before one-off items, for the first time in over two years, indicates progress in its financial stability, as noted by GamblingNews. These developments occur while the company navigates significant regulatory challenges, including ongoing casino license suspensions for The Star Sydney and a deferral for The Star Gold Coast until March 31, 2027.

What’s Next

The Star has stated that business improvements are contingent on various uncertainties. The company plans to provide a further update on these matters in its H1 2027 report. Remediation efforts are ongoing, focusing on critical, customer-facing functions at its properties and improvements to workplace culture. Concurrently, The Star is exploring additional opportunities for cost reduction, according to GamblingNews.