BUZZ-Australia's Star Entertainment hits 1-month low as available cash depletes
Reuters
Jan 30
BUZZ-Australia's <a href="https://laohu8.com/S/EHGRF">Star Entertainment</a> hits 1-month low as available cash depletes
** Shares of cash-strapped casino operator Star Entertainment Group SGR.AX fell as much as 7.8% to A$0.148, their lowest in a month
** Co says available cash stood at A$130 million ($91.44 million) as at Dec-end, down from A$168 million as at Sept-end
** Also reports Q2 EBITDA of A$6 million ($4.22 million) before significant items, swinging from a loss of A$8 million in pcp
** About 14.1 mln shares change hands, 1.2x the 30-day average of 12 mln shares
** Stock ended down 5.3% in 2025
($1 = 1.4217 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.Shaikh@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.