The Gold Cost casino resort
Australian casino operator, Star Entertainment announced its yearly results showing a loss of $94.6 million loss compared to previous year that represents a 148% drop in profits.
The company said that the COVID-19 pandemic which forced it to close its businesses in Brisbane, Gold Coast and Sydney in April and since reopening had seen a major decline on customer visits.
However the company did say that even if the pandemic had not hit their results would not have sat in positive territory compared to 2019.
Star chairman John O’Neill said that both the new development in Brisbane and the renovation work at is Gold Cost resort was still on track despite the disruption from the pandemic. He said, “Major projects at Queen’s Wharf Brisbane and The Star Gold Coast are proceeding to plan, with the upgraded and expanded Sovereign at The Star Sydney delivered on time and budget.”
Total earnings (EBITDA) dropped 22.8% to $429.6 million compared to 2019 and revenues dropped 23.3% to $1.66 billion.
FeedConstruct, the global sports data and streaming provider, and the World Baseball Softball Confederation (WBSC),…
Bally's Chicago has halted construction on its hotel and entertainment complex, the project freeze stems…
New York sports betting achieved unprecedented revenue figures in July, sports betting gamblers experienced significant…
FeedConstruct has officially partnered with the Malta Premier League to secure the competition's global betting…
Tabcorp Holdings has announced on Monday that it will acquire BetMakers Techology Group, the B2B…
DraftKings revenue fell 5% year-on-year to $1.44 billion in the second quarter, missing Wall Street's…