Gaming machine gross revenue was AU$322.8m (US$203.6m).<\/p>\n\n\n\n\n\n\n\n
Australia.- DWS Hospitality Specialists has reported that\u00a0gaming revenue in Queensland<\/strong>\u00a0in December was up 9 per cent in year-on-year terms to\u00a0AU$322.8m (US$203.6m)<\/strong>. The figure was up 2.15 per cent\u00a0sequentially<\/a>. Clubs\u2019 market share was 44.2 per cent and hotels\u2019 share was 55.8 per cent.<\/p>\n\n\n\n Metered wins at clubs rose by 8.9 per cent in year-on-year terms, while hotels\u2019 metered wins increased by 9.1 per cent. The majority of local government areas saw an increase in year-on-year terms. Gladstone<\/strong> had the highest at 20.2 per cent, followed by Bundaberg <\/strong>(13.3 per cent) and Ipswich (12.3 per cent). In terms of average daily revenue, Logan, Ipswich and Brisbane were the highest performers.<\/p>\n\n\n\n For 2024, the total gross revenue reached AU$3.6bn (US$2.25bn). That’s an increase of 9.9 per cent in year-on-year terms.<\/p>\n\n\n\n A week ago, the Star Entertainment Group<\/strong> announced its available cash as of December 31, 2024, plunged to AU$79m (US$49.16m). That\u2019s a decrease of AU$70m (US$43.56m) from the previous report at the end of September 2024 when the company said available cash was AU$149m (US$92.72m).<\/p>\n\n\n\n According to the company, the reduction in available cash reflects the continued difficult trading conditions the company has faced throughout 2024<\/strong>.<\/p>\n\n\n\n This includes essential capital expenditure and significant items including upfront fees relating to the establishment of a new facility agreement and the first AU$5m (US$3.11m) instalment of the AU$15m (US$9.33m) fine<\/a> imposed by the New South Wales Independent Casino Commission<\/strong> (NICC) on October 17, 2024, following its consideration of the Bell Two Report.<\/p>\n\n\n\n The casino operator also cited \u201csignificant legal and consulting fees, ongoing transformation and remediation activities, and joint venture contributions\u201d as a reason for the reduction in available cash.<\/p>\n\n\n\n The Star said it continues to work towards the fulfilment of conditions that must be met to draw down the additional AU$100m (US$62.23m) of a new loan agreement.<\/p>\n\n\n\nWoes at The Star: reduction in available cash amid legal disputes<\/h2>\n\n\n\n