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🎲 Star Entertainment (ASX: SGR) Tackles Challenges Amid Revenue Decline The Star Entertainment Group Limited (ASX: SGR) is navigating a tough phase under CEO Steve McCann, reporting an unaudited EBITDA loss of $27M in the first four months of FY24. Regulatory changes, such as mandatory playing cards and lower pokie cash limits, combined with weak consumer sentiment, have significantly impacted revenue. To secure a vital $150M capital tranche, Star is restructuring its leadership strategy, empowering property-level teams in Brisbane, Gold Coast, and Sydney, under state-based boards. 📈 At the time of writing, Star’s shares rose 7.1% to 22.5¢, showing a glimmer of investor confidence. McCann reassured shareholders, urging patience as the company works to transform its business. 🔗 Read more about Star’s strategy here: https://lnkd.in/gzhTXvNT #StarEntertainment #ASX #Leadership #InvestorUpdates

Star Entertainment Battles Cashflow Woes Amid Revenue Decline | ASX News | Latest ASX News | ASX Listed Companies News | Kapitales Research, Australia

Star Entertainment Battles Cashflow Woes Amid Revenue Decline | ASX News | Latest ASX News | ASX Listed Companies News | Kapitales Research, Australia

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