The entertainment giant might claim to be struggling but its Gold Coast and Treasury Brisbane casinos are still raking in record revenue.
Star Entertainment’s Queensland casinos were generating record revenues in the six months between the state government launching an inquiry into the company’s shady business practices and announcing punishments.
The results showed the company’s flagship casino in Sydney suffered a 14 per cent downturn on pre-COVID revenue. But in Queensland, both casinos brought in record dollars. Revenue on the Gold Coast was up 30 per cent on pre-COVID levels and Treasury was up 9 per cent on the same measure. “We have been pleased with the ongoing strength of trading across our Queensland-based properties while trading at The Star Sydney has been impacted by operational changes associated with the outcome of the Bell Review and increased competition,” new chief executive Robbie Cooke said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Storms hit Sydney and Central Coast causing flooding and power outagesNSW emergency services have responded to hundreds of calls for help amid wild weather
Read more »
Staff shortages bite on Sunshine Coast with workers priced out of regionSunshine Coast businesses cut hours and even days of operation as they battle to find and retain staff.
Read more »
Ynys Enlli off Welsh coast designated as a dark sky sanctuaryBardsey Island is first site in Europe to receive certification, thanks to low light pollution and pristine night skies
Read more »
How the Gold Coast community is rallying to help get Huddy to the World Dwarf Games in GermanyThe 10-year-old's family once worried he'd never be able to play sport, but now he is competing on an international stage, with the help of his local community.
Read more »
North Canberra to grow rapidly while the south may shrink as ACT population heads to 800,000New Treasury modelling shows the inner north, Molonglo Valley and Belconnen are expected to be Canberra's fastest-growing districts.
Read more »
Community 'reeling' over death of five-week-old baby after suspected dog attack on NSW's far south coastThe Eurobodalla Shire Council mayor has asked members of the community to give privacy to the family of a five-week-old baby who died from a head injury on the weekend.
Read more »