Reported 1 day ago
Australia's Star Entertainment announced a reduced second-quarter loss, attributed to cost-cutting measures and a strong December performance, although it faces ongoing challenges including regulatory inquiries and a significant decline in revenue. The company reported an EBITDA loss of A$8 million, down from A$18 million in the previous quarter, despite operational expenses decreasing by 18%. Shares dropped 3.6%, reflecting market concerns over its financial health amidst a cash crunch.
Source: YAHOO