Star Entertainment continues to lose money across its precincts – the introduction of cash limits and mandatory identification cards at its Sydney casino has plunged the group into a quarterly loss.
The ASX-listed casino operator told investors on Wednesday that there was still material uncertainty regarding its ability to continue as a going concern. It posted an earnings before interest, tax, depreciation and amortisation (before significant items) loss of $21 million in the quarter ending March 31.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
