Star Entertainment, the troubled Australian casino company, announced Tuesday that it successfully reduced its quarterly financial losses through expense reductions and increased revenue from operator fees.
The gaming corporation’s losses before interest, taxes, depreciation and amortization dropped to A$1 million (approximately $718,600) for the quarter ending March 31, a significant improvement from the A$24 million loss recorded during the same three-month period in the previous year.
The financial turnaround comes as the embattled casino operator works to stabilize its operations amid ongoing challenges in the gaming industry.
