Star Entertainment Group (ASX:SGR) said its fiscal second-quarter revenue came in at AU$301 million, up 6% quarter over quarter, and its earnings before interest, taxes, depreciation, and amortization (EBITDA) profit before "significant" items clocked in at AU$6 million, according to a Friday Australian bourse filing.

The casino operator's revenue for the second quarter of fiscal 2025 was AU$299 million, and it reported an EBITDA loss of AU$8 million, an earlier filing showed.

The firm said the result reflects stabilized trading in Sydney, seasonally stronger volumes on the Gold Coast, and a higher operator fee for Star Brisbane, adding that operating conditions remain challenging due to the impact of mandatory carded play and cash limits in New South Wales and stricter regulatory requirements across all properties.

In the same filing, the company said that all parties remain committed to a transaction with Chow Tai Fook Enterprises and Far East Consortium International Limited, which will see Star exit the Destination Brisbane Consortium Integrated Resort joint venture, dispose of its interest in the Festival Car park joint venture, dispose of the Treasury Hotel and Car Park, and consolidate its Gold Coast position despite the expiry of the sunset date in relation to the first stage of the deal.

The operator fee revenue of AU$26 million in the period, recognized following the signing of the long form documentation, represents AU$15 million attributable to the December 2025 quarter, with the remaining AU$11 million representing the true-up of amounts not recognized between the effective date of the JVP transaction and signing of the long form agreement in August 2025.

The company also cautioned that its ability to execute its ongoing capital management strategy in the required timeframe would be impacted by the quantum and timing of the Austrac judgment, which remains outstanding.

Star Entertainment Group's shares fell past 11% in recent trading on Friday.