The Star Entertainment Group
The Star Entertainment Group Limited is one of Australia's largest gaming and entertainment groups.
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* | AUD300m Valuation: AUD529m 0.3x EV/Revenue 6.3x EV/EBITDA | Acquisition | |
| Total Funding | 000k | ||
| AUD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 4 % | (1 %) | 22 % | (10 %) | 14 % | (2 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 10 % | 25 % | 15 % | (16 %) | 5 % | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (6 %) | 4 % | (13 %) | (131 %) | (101 %) | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
The Star Entertainment Group, a prominent player in Australia's gaming and entertainment industry, has a rich history that reflects the evolution of the sector itself. Originally known as Tabcorp Holdings Limited, the company was founded in 1994, marking its entry into the gaming market with a focus on wagering and gaming operations.
In 2011, a significant transformation occurred when Tabcorp demerged its casino operations, leading to the creation of Echo Entertainment Group. This strategic move allowed the company to concentrate on its casino business, which included The Star in Sydney, Jupiters Hotel & Casino on the Gold Coast, and Treasury Casino & Hotel in Brisbane.
Echo Entertainment Group underwent another pivotal change in 2015 when it rebranded to The Star Entertainment Group. This rebranding was more than just a name change; it signified a renewed focus on expanding and enhancing its properties to offer world-class entertainment experiences.
Throughout its journey, The Star Entertainment Group has been involved in several major developments and partnerships. Notably, the company embarked on a joint venture with Hong Kong-based Chow Tai Fook Enterprises and Far East Consortium to develop the Queen's Wharf Brisbane project, a massive integrated resort expected to transform Brisbane's skyline.
Today, The Star Entertainment Group continues to be a key player in the Australian entertainment landscape, with a commitment to delivering exceptional experiences across its properties. The company's journey from its origins as part of Tabcorp to its current status as a standalone entity highlights its adaptability and strategic vision in navigating the dynamic gaming industry.