Gambling giant Star Entertainment Group reports losses
The $The Star Entertainment Group Ltd(SGR.AU$ share price is dropping today after reporting their quarterly figures for the 3 month period ending on the 31st of March.
If you're not familiar with the group, they own and operate the Treasury Casino & Hotel, The Star Gold Coast and The Star, Sydney.
The company reported a 4.6% year on year decline in net revenue, coming in at $419.2 million, down from $439.5 million in Q3 FY 2023.
Revenue from their Premium Gaming Rooms (PGRs) was down across the board from Q3 FY 2023:
The Star Sydney PGR: down 19.3%
Star Gold Coast PGR: down 20.0%
Treasury Brisbane PGR: down 28.0%
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