{"id":25576,"date":"2021-12-15T07:55:59","date_gmt":"2021-12-15T10:55:59","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=25576"},"modified":"2026-04-23T12:55:28","modified_gmt":"2026-04-23T15:55:28","slug":"reef-casino-expects-to-report-annual-profits-of-au14-4m","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/reef-casino-expects-to-report-annual-profits-of-au14-4m","title":{"rendered":"Reef Casino expects to report annual profits of AU$14.4m"},"content":{"rendered":"\n

Reef Casino Trust has announced that its estimated profits rose to AU$8.3m in the second half of the year.<\/p>\n\n\n\n\n\n\n\n

Australia.-\u00a0Reef Casino Trust<\/strong>\u00a0has reported that it expects to report a distributable profit of AU$14.4m in 2021 after Reef Hotel Casino saw strong rental income. The company said profit\u00a0in the first half of the year was AU$6.1m<\/a>\u00a0and with profit in the second half set to increase to AU$8.3m.<\/p>\n\n\n\n

The company said in a statement to the Australian Securities Exchange that its performance was mainly driven by casinos, while food and beverages also performed well.\u00a0Hotel revenue was affected by the closure of the borders between Queensland and New South Wales and Victoria.<\/p>\n\n\n\n

It said that from December 17, it will implement a mandatory Covid-19 vaccine policy for employees and guests.<\/p>\n\n\n\n

Reef Casino Trust<\/a>\u00a0reported a\u00a0profit of AU$2.88m<\/strong>\u00a0for the first quarter<\/strong>. That compares to\u00a0a loss of AU$360,000 in the first quarter of 2020<\/strong>\u00a0and surpasses 2019 figures.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reef Casino Trust has announced that its estimated profits rose to AU$8.3m in the second half of the year.<\/p>\n","protected":false},"author":176,"featured_media":25615,"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 anticipates a distributable profit of AU$14.4m for 2021, driven by robust casino and food & beverage performance, despite hotel revenue being impacted by inter-state border closures. The entity reported significant profit growth in the second half and first quarter, exceeding pre-pandemic financial benchmarks. A mandatory COVID-19 vaccine policy for employees and guests will be enforced from December 17.","focusai_entities":"Reef Casino Trust, Reef Hotel Casino, Australian Securities Exchange","focusai_location":"Australia, Queensland, New South Wales, Victoria","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.9), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"H2 Profit Drivers","query":"What specific operational segments within the casino vertical, beyond general casino performance, contributed most significantly to the AU$8.3m profit increase in H2, and how does this compare to pre-pandemic segment contributions?"},{"label":"Vaccine Policy Impact","query":"What is the projected impact of the mandatory COVID-19 vaccine policy on Reef Casino Trust's Q1 2022 visitation rates, operational costs, and potential labor force implications, particularly concerning guest acquisition and retention strategies?"}],"footnotes":""},"categories":[16336,157],"tags":[21252],"class_list":["post-25576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-reef-hotel-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25576","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=25576"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25576\/revisions"}],"predecessor-version":[{"id":25582,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25576\/revisions\/25582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25615"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=25576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=25576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=25576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}