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Australia’s Star Entertainment narrows third-quarter losses

Australia’s Star Entertainment narrows third-quarter losses

Australia’s Star Entertainment narrows third-quarter losses 150 150 admin

April 28 (Reuters) – Australian embattled casino operator Star Entertainment narrowed its third-quarter loss on Tuesday, reflecting the impact of cost savings and higher operator fee revenue.

The company reported a loss before interest, taxes, depreciation and amortization for the three months ended March 31 of A$1 million ($718,600.00), compared with a loss of A$24 million last year.

($1 = 1.3916 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Subhranshu Sahu)

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