{"id":17121,"date":"2021-04-22T16:12:07","date_gmt":"2021-04-22T16:12:07","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17121"},"modified":"2026-04-23T20:09:29","modified_gmt":"2026-04-23T23:09:29","slug":"queenslands-reef-casino-reports-a-profit-in-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/queenslands-reef-casino-reports-a-profit-in-q1","title":{"rendered":"Queensland&#8217;s Reef Casino reports a profit in Q1"},"content":{"rendered":"\n<p>The Australian casino\u2019s operator said it turned a profit of AU$2.8m in the first quarter of 2021.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.-\u00a0<strong>Reef Casino Trust<\/strong>\u00a0has reported a<strong>\u00a0profit of <strong>AU$2.8m<\/strong><\/strong> <strong>in its first-quarter results for 2021<\/strong>.<\/p>\n\n\n\n<p>That compares to <strong>a loss of AU$360,000 in the first quarter of 2020<\/strong> due to the closure of Reef Hotel Casino in Queensland on March 23 2020 due to<strong> Australia&#8217;s first Covid-19 lockdown.<\/strong><\/p>\n\n\n\n<p>Despite a difficult year,<strong>\u00a0Reef Casino saw stable domestic demand\u00a0<\/strong>although international borders remain closed. The casino continues to <strong>operate with social distancing measures<\/strong>, reduced capacity and Covid-19 safe cleaning in place.<\/p>\n\n\n\n<p>The operator announced in January that it had <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/reef-casino-ups-profits-estimate-for-h2-2020\">made a profit in the third and fourth quarters of 2020<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Covid-19 restrictions in Queensland<\/h2>\n\n\n\n<p>As of today,\u00a0<strong>Queensland has reported 1,520 Covid-19 cases and 0 cases in the last 24 hours<\/strong>. Restrictions for all of Queensland have eased since April 15.<\/p>\n\n\n\n<p>Now\u00a0<strong>face mask-wearing is only mandatory in certain settings, <\/strong>such as airports. Gatherings at private residences are limited to 100 people.<\/p>\n\n\n\n<p><strong>Casinos and gaming venues<\/strong> can operate in compliance with an approved Covid-19 safe industry plan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian casino\u2019s operator said it turned a profit of AU$2.8m in the first quarter of 2021.<\/p>\n","protected":false},"author":176,"featured_media":17122,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Reef Casino Trust reported a Q1 2021 profit of AU$2.8m, a significant turnaround from a Q1 2020 loss of AU$360,000 attributed to COVID-19 lockdowns. The operator navigated ongoing restrictions with stable domestic demand, while Queensland's eased public health measures support continued venue operations under approved safety plans.","focusai_entities":"Reef Casino Trust, Reef Hotel Casino","focusai_location":"Australia, Queensland","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q2 NGR Trajectory?","query":"What is the projected NGR trajectory for Reef Casino Trust in Q2 2021 given the current operational environment and domestic demand trends?"},{"label":"International Border Impact?","query":"How do ongoing international border closures impact the long-term GGR potential and operational strategy for Australian integrated resorts like Reef Hotel Casino?"}],"footnotes":""},"categories":[16336,163],"tags":[23632,23907,21252],"class_list":["post-17121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-integrated-resorts","tag-land-based-casino","tag-reef-hotel-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17121"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17121\/revisions"}],"predecessor-version":[{"id":17150,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17121\/revisions\/17150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17122"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}