(RTTNews) - The Star Entertainment Group Limited posted a second quarter negative EBITDA of A$8 million compared to EBITDA of A$51 million, prior year. The company noted that its EBITDA results excludes significant items. Revenue declined year-over-year to A$299 million from A$438 million. Available cash as at 31 December 2024 was A$78 million.
The Group continues to explore other possible liquidity solutions. Star Entertainment Group said, while discussions continue with respect to a range of different solutions, there is no certainty that any of these negotiations will result in one or more definitive arrangements that might materially increase the Group's liquidity position. In the absence of one or more of these arrangements, there remains material uncertainty as to the Group's ability to continue as a going concern.
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