{"id":18169,"date":"2021-05-21T16:39:20","date_gmt":"2021-05-21T16:39:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=18169"},"modified":"2026-04-23T19:18:49","modified_gmt":"2026-04-23T22:18:49","slug":"reef-casino-profit-surpasses-2019-levels","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/reef-casino-profit-surpasses-2019-levels","title":{"rendered":"Reef Casino profit surpasses 2019 levels"},"content":{"rendered":"\n<p>Reef Casino Trust has reported that profit for the first quarter was higher than in 2019 thanks to an increase in regional and local visitors.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.- Reef Casino Trust has reported\u00a0a<strong>\u00a0profit of AU$2.88m<\/strong>\u00a0<strong>for the first quarter<\/strong>. That compares to\u00a0<strong>a loss of AU$360,000 in the first quarter of 2020<\/strong>, but also surpasses 2019 figures.<\/p>\n\n\n\n<p>Reef Hotel Casino in Queensland<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/reef-reports-strong-financial-position-in-q3\"> <\/a>was closed between March 23 and July last year due to the Covid-19 pandemic. However, after the reopening, the casino reported a strong trading.<\/p>\n\n\n\n<p>The operator announced in January that it had\u00a0<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<p>Reef Casino Trust stated: &#8220;While it is<strong>\u00a0difficult to see a swift return of international visitors to Cairns<\/strong>, our complex should continue to see strong local and regional support.<\/p>\n\n\n\n<p>&#8220;As the<strong>\u00a0Covid-19 vaccination continues to roll out\u00a0<\/strong>and the State border situation stabilises further, we can expect to see more domestic visitors to Cairns.&#8221;<\/p>\n\n\n\n<p>Authorities have announced that\u00a0<strong>Australia\u2019s international borders will remain closed<\/strong>\u00a0until\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/australia-borders-to-remain-closed-until-at-least-mid-2022\">at least mid-2022<\/a>\u00a0to avoid the arrival of new Covid-19 cases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reef Casino Trust has reported that profit for the first quarter was higher than in 2019 thanks to an increase in regional and local visitors.<\/p>\n","protected":false},"author":176,"featured_media":18170,"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 profit of AU$2.88m, surpassing both 2020 and 2019 figures, primarily driven by robust regional and local visitor volumes. This strong performance follows the reopening of Reef Hotel Casino in Queensland after a COVID-19 induced closure, demonstrating resilience despite ongoing international border restrictions in Australia.","focusai_entities":"Reef Casino Trust, Reef Hotel Casino","focusai_location":"Australia, Queensland, Cairns","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), marketing_crm (0.8), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"International Visitor GGR?","query":"What is the projected timeline for Reef Casino Trust to fully restore its international visitor GGR contribution, and what specific marketing or operational strategies are being deployed to mitigate the ongoing border closures?"},{"label":"Market Recovery Benchmarking?","query":"How does Reef Casino Trust's Q1 performance, driven by regional visitation, benchmark against other Australian land-based casino operators, and what implications does this have for broader market recovery forecasts?"}],"footnotes":""},"categories":[16336,157],"tags":[23907,21252],"class_list":["post-18169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-land-based-casino","tag-reef-hotel-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18169","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=18169"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18169\/revisions"}],"predecessor-version":[{"id":18187,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18169\/revisions\/18187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18170"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=18169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=18169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=18169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}