{"id":19244,"date":"2021-06-21T16:07:12","date_gmt":"2021-06-21T16:07:12","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=19244"},"modified":"2026-04-23T18:21:34","modified_gmt":"2026-04-23T21:21:34","slug":"reef-casino-expects-to-announce-profits-of-au3m","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/reef-casino-expects-to-announce-profits-of-au3m","title":{"rendered":"Reef Casino expects to announce profits of AU$3m"},"content":{"rendered":"\n<p>Reef Casino Trust has announced its distributable profit for the first six months of the year will be approximately AU$3m.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.-\u00a0<strong>Reef Casino Trust<\/strong>\u00a0has reported an estimated net profit for the six months ended 30 June 2021 of approximately AU$3m after deducting distributions to unitholders.<\/p>\n\n\n\n<p>The casino operator expects to<strong>\u00a0distribute AU$12.05 cents per share (AU$6m)<\/strong>\u00a0to unitholders. There was no distribution for the first half of 2020 due to the Covid-19 pandemic. <\/p>\n\n\n\n<p>It noted that local and domestic markets had held up well. Although\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/australia-borders-to-remain-closed-until-at-least-mid-2022\">international borders remain closed<\/a>, Reef Casino saw a return of interstate visitors in good numbers.<\/p>\n\n\n\n<p>During the first quarter of the year,\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/reef-casino-profit-surpasses-2019-levels\">Reef Casino Trust<\/a>\u00a0reported a<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>\u00a0and surpasses 2019 figures.<\/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: \u201cWhile it is<strong>&nbsp;difficult 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>\u201cAs the<strong>&nbsp;Covid-19 vaccination continues to roll out&nbsp;<\/strong>and the State border situation stabilises further, we can expect to see more domestic visitors to Cairns.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reef Casino Trust has announced its distributable profit for the first six months of the year will be approximately AU$3m.<\/p>\n","protected":false},"author":176,"featured_media":19274,"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 an estimated distributable profit of approximately AU$3m for the first half of 2021, enabling a distribution of AU$12.05 cents per share to unitholders. This marks a significant recovery from H1 2020, driven by strong local and domestic market performance despite ongoing international border closures, with expectations for continued domestic visitor growth.","focusai_entities":"Reef Casino Trust","focusai_location":"Australia, Cairns","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (0.95), journalist_researcher (0.85)","focusai_suggestions":[{"label":"H2 2021 Outlook?","query":"What are the projected GGR and NGR forecasts for Reef Casino Trust for H2 2021, considering the ongoing domestic market strength and potential for further state border stabilization?"},{"label":"Capital Allocation Strategy?","query":"How does the current distributable profit and unitholder distribution strategy align with Reef Casino Trust's long-term capital expenditure plans and potential M&A opportunities in the recovering market?"}],"footnotes":""},"categories":[16336,157],"tags":[23907,21252],"class_list":["post-19244","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\/19244","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=19244"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19244\/revisions"}],"predecessor-version":[{"id":19276,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19244\/revisions\/19276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19274"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=19244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=19244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=19244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}