(From left) Treasury Brisbane,The Star Gold Coast and the under-construction Queen’s Wharf casino complex.Credit:File images
The year included fines of more than $200 million following inquiries in Queensland and NSW last year. The casino giant was also accounting for another $150 million hit once the work of financial watchdog AUSTRAC was through.
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.
Gold Coast’s revenue climbed from $180 million in the first half of the calendar year to $276 million in the six months to December 31. Treasury’s six-monthly revenue went from $161 million to $196 million.
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The report said poker machine revenue at the Gold Coast had increased 36 per cent on pre-COVID numbers,while table gambling was down 11 per cent. At Treasury,Star enjoyed “record performances across[pokies],main tables and hospitality”.
“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.
“Our key priority is to regain the trust and confidence of our community and demonstrate to our regulators that we are suitable to hold our casino licences.”