Star Entertainment warns tough conditions after larger annual loss

Star Entertainment, which runs casinos in Australia, lost a lot of money this year.

Its loss was smaller than last year’s loss but still worse than experts expected.

The company said business remains difficult, especially for table games in New South Wales.

It is also dealing with government investigations and a possible penalty.

Star has debt that it needs to manage.

However, revenue at two of its casinos grew in July.

Investors reacted negatively, and the company’s shares fell.

Star says it is working to become profitable again.