Star Entertainment Group Inc.
SETY
Other OTC0.00
USD
- -
- -
ISIN
US85511W1027
Return %
Stock
S&P500
1Y
0.00
26.53
3Y
0.00
76.60
5Y
0.00
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Gregory Smith
- Full Time Employees
- 5
- Sector
- Communication Services
- Industry
- Entertainment
- Address
- 548 Main Street Stroudsburg PA United States of America
- IPO Date
- Jun 2, 2023
- Similar Companies
- Business
- Star Entertainment Group Limited is an Australian gambling and entertainment company operating integrated resorts that include casino gaming facilities, hotel accommodations, food and beverage outlets, and event spaces. The company owns and manages three main properties: The Star Sydney, The Star Gold Coast, and The Star Brisbane. Its services encompass casino gaming operations under license, luxury hotel accommodations with over 1,000 rooms and suites, diverse hospitality venues such as restaurants and bars, and management of the Gold Coast Convention and Exhibition Centre on behalf of the Queensland Government. Star also engages in event hosting and entertainment experiences mainly serving the Australian market. Founded in 2011 and headquartered in Sydney, Australia, Star Entertainment is a leading player in the Australian integrated resort sector. In the last 1-2 years, Star Entertainment has undergone significant strategic and operational transformations. In late 2025, Bally’s Corporation, a US-based casino operator, executed a AU$300 million rescue deal that resulted in the acquisition of a combined 61 percent controlling stake in Star Entertainment through equity conversion of subordinated debt. This transaction sparked a major board restructuring with Bally’s leadership, including Chairman Soo Kim and President George Papanier, joining the board while former executives stepped down. The company is implementing a turnaround strategy focused on revenue recovery and cost reduction, including hundreds of millions projected in annual revenue improvement and expense savings. The Star has also faced regulatory challenges, license suspensions, and operational remediation plans across its Queensland and New South Wales operations during this period. Star Entertainment’s core businesses continue to center on casino gaming and hospitality under three resort brands. Its resorts offer casino gaming, luxury hotel accommodations, multiple restaurants and bars, event and convention hosting, and entertainment offerings. The company provides a broad entertainment ecosystem, serving leisure and business customers domestically. Its recent strategic partnership with Bally’s Corporation marks a pivotal evolution in ownership and management aimed at stabilizing operations, improving financial performance, and enhancing shareholder value after years of challenging regulatory and market conditions. Overall, Star Entertainment Group operates within the gambling and integrated resort industry in Australia, targeting both domestic and international leisure travelers and event attendees. Its recent operational and governance changes underscore a focused effort to return to growth and profitability through strategic partnership, leadership overhaul, and operational efficiencies. The company remains headquartered in Sydney and continues to develop its three major resorts, maintaining its significant presence in the Australian entertainment and casino market. This description incorporates the main product and service offerings alongside major recent company changes including Bally’s takeover and board restructuring, regulatory challenges, and ongoing operational remediation efforts through 2025.
Star Entertainment to divest Star Sydney Event Centre assets amid cash crunch
Australia's Star Entertainment appoints Robert Cooke as CEO
Australian state launches probe into Star Entertainment's licence
Australia's Star Entertainment to defend class action over 'deceptive conduct'
Star Entertainment CEO Matt Bekier resigns, takes 'responsibility' amid ongoing investigations
Star Entertainment loses $1 billion in four days, US investors fear inflation, while the ASX is set to rise in morning trading
Star Withdraws Proposal To Merge With Billionaire James Packer's Crown
Australia's Star Entertainment abandons $6.6 billion bid for Crown Resorts
Aussie Regulators Widen Casino Probes, Looking Into Billionaire James Packer's Crown And Suitor Star
Australia's Star makes $7 billion play for Crown, taking on private equity giants