Queensland’s Reef Casino reports a profit in Q1

The Australian casino’s operator said it turned a profit of AU$2.8m in the first quarter of 2021.

Australia.- Reef Casino Trust has reported a profit of AU$2.8m in its first-quarter results for 2021.

That compares to a loss of AU$360,000 in the first quarter of 2020 due to the closure of Reef Hotel Casino in Queensland on March 23 2020 due to Australia’s first Covid-19 lockdown.

Despite a difficult year, Reef Casino saw stable domestic demand although international borders remain closed. The casino continues to operate with social distancing measures, reduced capacity and Covid-19 safe cleaning in place.

The operator announced in January that it had made a profit in the third and fourth quarters of 2020.

Covid-19 restrictions in Queensland

As of today, Queensland has reported 1,520 Covid-19 cases and 0 cases in the last 24 hours. Restrictions for all of Queensland have eased since April 15.

Now face mask-wearing is only mandatory in certain settings, such as airports. Gatherings at private residences are limited to 100 people.

Casinos and gaming venues can operate in compliance with an approved Covid-19 safe industry plan.