Star stock gains 1.60 percent as licence scrutiny persists

Published on 10/07/2026 at 05:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Star stock was trading at AUD 0.13 on October 7, 2026, up 1.60 percent. FY26 revenue rose 0.5 percent while regulatory oversight remains central.

Star, AU000000SGR6, Illustration mit AI erstellt.

Star stock (AU000000SGR6) was trading at AUD 0.13 on the ASX on October 7, 2026, at 1:40 p.m. AEDT, up 1.60 percent on the session. The move comes as regulatory remediation and the group's FY26 loss remain central to the investment case.

FY26 loss narrows as revenue edges higher

According to Bushletter on September 1, 2026, Star reported FY26 revenue of 1,306.2 million for the year ended June 30, 2026, up 0.5 percent from the prior year. The statutory net loss was 307.3 million, a 28.2 percent year-over-year improvement.

The comparison is mixed: revenue stabilized, but the group still reported a substantial annual loss. The same FY26 accounts carried a going-concern warning from directors and auditors, making funding capacity and regulatory execution the key tests for the turnaround.

Licences keep the risk premium high

Queensland granted Star six more months before deciding whether to enforce a proposed 90-day Gold Coast licence ban. Brisbane Times reported on September 24, 2026, that Star had completed 85 percent of the remediation plan, with 80 milestones still scheduled for delivery through July 31, 2027.

The Queensland extension preserves operating time for the Gold Coast venue, but it also keeps the licence decision tied to further remediation progress. In New South Wales, Reuters reported on September 25, 2026, that the Sydney licence suspension and external management were extended through June 30, 2027.

Analyst target stays below the market

Investing.com displays a Sell consensus based on two ratings, with 0 Buy, 1 Hold and 1 Sell. The 12-month average target is AUD 0.12, while the displayed high and low targets are also AUD 0.12, placing the target AUD 0.01 below the October 7 market price.

That target comparison leaves regulatory delivery and balance-sheet resilience as the market's practical checkpoints. Star's current share price is AUD 0.13, while the 52-week range is AUD 0.08 to AUD 0.20, putting the stock 35 percent below its yearly high.

Star stock trades inside a wide range

Star stock had a market capitalization of AUD 842.7 million on October 7, 2026, with 4,983,663 shares traded. The combination of a 1.60 percent intraday gain, a 35 percent gap to the 52-week high and the AUD 0.12 analyst target shows how closely the market is weighing short-term trading against the longer remediation process.