The Star revenue up 37% for January to May
The Star Entertainment Group has reported that domestic gaming revenue was up 37 per cent during the second half of the 2020/2021 financial year.
Australia.- Star Entertainment Group continues to show signs of recovery after the Covid-19 pandemic with domestic gross gambling revenue (GGR) up 37 per cent year-on-year for the second half of its fiscal year, from January to May 2021.
GGR however was down 10 per cent when compared to the same period in 2019, before the Covid-19 pandemic.
Star Entertainment Group reported that slots revenue was up 3 per cent compared to the second half of the fiscal year 2019.
The company stated: “Performance continues to be impacted by Covid-19 related operating restrictions, however, 2H FY2021 trading is exhibiting improving trends as the Covid-19 related operating restrictions are eased.”
The Star Sydney GGR was down 22 per cent, while total domestic revenue was down 24 per cent when compared to the same period of the previous year.
At Star Gold Coast, domestic gaming revenue grew 18 per cent, while domestic gaming revenue at Treasury Brisbane was up 3 per cent when compared to the second half of the fiscal year 2019.
The Brisbane venue was closed between January and March due to a lockdown to contain a rise in Covid-19 cases.