Star casino on a losing streak, but SkyCity is in a better place, analysts say

Forsyth Barr's Andy Bowley says there are some significant differences between Star's situation and SkyCity's. (Image: NZME)

Dileepa Fonseka

Tue, 14 Jan 2025

Australasian casinos appear to be doing their best to disprove the old gambling adage that the house always wins. One major Australian casino chain, Star, is even running low on the one thing casinos are famous for: cash. Star, which operates casinos in Brisbane, Sydney and the Gold Coast, declared to the Australian Securities Exchange (ASX) last week that its cash balances had nearly halved in the space of three months.Available cash dropped 47%, from a balance of A$149 million (NZ$165m) in September to A$79m in December, prompting s...

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