Membership fees for the quarter hit $US1.19 billion, up from $US1.11 billion in the second quarter of 2024, with the company reporting 78.4 million paid memberships and 140.6 million total cardholders. The retail giant's second-quarter revenue increased to $US63.72 billion, from $US58.44 billion during the same quarter in fiscal 2024. "The tariffs are very fluid right now. So it's hard to really give any predictions on what we can do, but we are prepared, our people are very well equipped to lower prices and defer any cost increase that come our way." "Sometimes the margins are much tighter in those categories, but they [buyers] are prepared to work closely with the suppliers and see how efficient we can bring goods to market - is there anything we can mitigate in those categories. The Insurance Council also often puts out detailed reports on the economic impacts of natural disasters.
Amcor shares are seriously undervalued according to the analysts at two major broking houses. A leading fund manager expects positive long-term growth from Guzman Y Gomez shares. Macquarie has reduced its price target for the Star best Aussie online casino payment speed share price to just 24 cents per share. Much of Star's struggles can be traced to the regulatory crackdowns it is currently facing, which are compounded by a weakened financial performance.
If funding isn't secured, Star will face the prospect of entering voluntary administration, which would see independent administrators appointed to manage affairs on behalf of creditors, and attempt to rescue operations. Shares in Star Entertainment have been suspended from trading on the stock exchange after it failed to lodge its financial results. Calix Ltd has seen its shares soar to 60cps on Monday trades after announcing it's teaming up with none other than Rio Tinto. Most Star employees are based in Sydney, and despite recent troubles, its Pyrmont site remains a major tourism destination, with 650 hotel rooms and 36 food and beverage venues. In February, Star said it had received an $650 million offer from US alternative asset manager Oaktree Capital to refinance its debt.
The published report states that it made a loss before interest, tax, depreciation and amortisation costs of $27 million for the quarter to June 30, on revenue of $270 million. Star said Destination Brisbane Consortium (DBC), in which it continues to hold a 50 per cent equity stake, has a debt exposure of $1.4 billion. It now also remains exposed to $200 million of future equity contributions to DBC due to massive cost overruns at the $3.6 billion resort.
Star has been in talks with the owners of the other half of Brisbane's Queen's Wharf development — Hong Kong investors Far East Consortium International and Chow Tai Fook Enterprises — since mid-February. Embattled top Australian casino payment methods crypto 2026 group Star Entertainment will stay alive, for now, after securing a $53 million lifeline in return for selling its 50 per cent stake in the new Brisbane true fortune casino no deposit bonus. The ASX 200 and the All Ordinaries index both ended Monday's session 1.8 per cent lower, wiping off about $50 billion in market value. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.
Xingchun Wang has spent more than $38 million buying shares in Star, which last week warned it was running out of money and could be weeks away from collapse if it did not secure additional financing. The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. Now the chances of losing it all have been turned back onto one of Australia's biggest best Aussie casino press releases operators. "Traditionally, probity checks have taken many months for new operators in casinos across the different state jurisdictions," Mr Jones said. Swinburne University law and corporate governance specialist Helen Bird told ABC's News Channel it seemed "more than likely" the company would tip into voluntary administration.
New rules that would have restricted patrons to gambling $1000 in cash per day will not be introduced for another two years after lobbying from top Australian casino seasonal bonuses giants. This came as bad news with Star’s performance historically lagging behind Crown casino in Melbourne, with both revenue and earnings falling short of its competitor. This long history of underperformance continues despite Sydney being the country’s largest city and international gateway to Australia. "In the absence of one or more of those arrangements, there remains material uncertainty as to the group's ability to continue as a going concern." In an update to the stock exchange this morning, Star reported a loss for the second quarter — although not as bad a loss as the previous period, as it managed to cut costs. Earlier this week, Star published its quarterly report, which precedes audited financial accounts due next month.
The data used in our company analysis is from S&P Global Market Intelligence LLC. Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The stock is down more than 58% in the past 12 months, and there's no saying when the sell-off might end – or if it will. There are many moving parts/challenges when considering Star Entertainment's earnings outlook with management's ability to execute the largest risk, particularly relating to cost-out and asset sales – likely beyond non-core. It cited a "degradation" in earnings expectations for FY25 due to Star's current set of challenges. Rather than seeing a potential bargin at these current levels, brokers are recommending investors steer clear of the company for now.
A 2022 NSW inquiry found damning evidence of money laundering and counter-terrorism failings at the groups’ Sydney casino while a 2024 probe found more breaches. The casino group was once worth billions of dollars but has since been slapped with fines totalling more than $210 million and licence suspensions after money laundering allegations. The Star has been in a trading halt since the end of February after being unable to file its half-year financial report without a refinancing plan to save it. Owned by American financier Soo Kim, a self-described corporate fireman, Bally’s specializes in rescuing casinos from financial distress and turning them profitable. The group’s board will now seek for all shareholders to agree unanimously to the deal as it is within their best Canadian casino community building interests and will unlock the remaining Bally’s contribution, the ASX statement said. Star is exploring a possible injection of $100 million by its largest shareholder Bruce Mathieson and if this occurs, Bally’s contribution would drop to $200 million.