Reef Casino Trust is the latest to affirm the resilience of Australia’s domestic market, saying in the first four months of this year revenue was higher than 2019, with expectations for growth to continue.
In an address to shareholders, executive director Allan Tan said that May had also been a strong month and although there is no prospect of international visitors any time soon, the casino had enjoyed strong local and regional support.
“Since just before Easter, Cairns has seen a return of interstate visitors in good numbers,” he said. “As the Covid-19 vaccination continues to roll out and the state border situation stabilises further, we can expect to see more domestic visitors to Cairns, especially during the traditional second-half high season.”
Reef Casino Trust owns the Reef Hotel Casino in Cairns, which is known as the gateway to the Great Barrier Reef. The resort is operated by Casinos Austria.
The property was closed from March 23 to July 2 last year as Australia locked down due to Covid. After opening, demand returned strongly, with electronic gaming outperforming. Turnover for the second half of the 2020 year was up 11 per cent on 2019.
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