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Star Entertainment Group Says Fiscal Q3 Revenue Falls 1%; Shares Down 3%

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-- Star Entertainment Group (ASX:SGR) reported a fiscal third quarter revenue of AU$266 million, down from AU$268 million a year earlier, according to a Tuesday Australian bourse filing.

The company also reported earnings before interest, taxes, depreciation, and amortization (EBITDA) loss of AU$1 million, before significant items, which was a 96% reduction on the the prior-year EBITDA loss of AU$24 million.

The result for the three months ended March 31 reflects a seasonal softening in revenues and reduced levels of gaming visitation in Sydney, the company said. Its ability to continue as a going concern remains dependent on the outcome of numerous material uncertainties, some of which are interdependent and outside its control, it added.

The company's shares were down nearly 3% in recent Tuesday trade.

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