FY23 HIGHLIGHTS The Star achieved normalised FY23 EBITDA slightly above previously announced guidance.
Underlying performance has stabilised – early H1 FY24 trading is broadly in line with Q4 FY23.
Non-cash impairment arising from changed operating conditions, increased casino duty rates, increase in discount rate and softness in earnings.
Proposed NSW casino duty rate uncertainty now resolved – new arrangements impact expected to be ~$10m in FY24.