Star Entertainment Posts Loss, Says Revenue Continues to Fall

Star Entertainment Group Ltd. finally released its long-delayed first-half results, showing it posted a A$136 million ($86 million) loss and that trading conditions continue to deteriorate across its casinos.

Revenue plunged 25% to A$650 million in the six months ended Dec. 31, Star said in a statement Tuesday. It has continued to weaken, falling 9% in the the first three months of this year, hit by cash limits at its Sydney complex and challenging trading conditions at its Gold Coast casino.

The embattled company last week agreed to a A$300 million ($190 million) funding deal with Bally’s Corp. that would ...