Australian land-based operator Star Entertainment Group released an update for the period from 1 January to 3 May 2021, revealing domestic revenue was up-year-on-year but remained below pre-pandemic levels, mostly due to strict restrictions in Sydney early in the period.
Over the four-month-period, Star’s domestic revenue was up 35% from the same period in 2020, though this period of 2020 included closures of Star’s properties because of the novel coronavirus (Covid-19).
Its domestic gaming revenue, meanwhile, was up 37%.
When compared to the same period in 2019, with properties fully open, revenue was down 12%, while gaming revenue was down 10%.
Slot revenue, however, is 3% above 2019 levels.
Looking at individual properties, domestic revenue from The Star Gold Coast in Queensland was also above 2019 levels, by 11%, while in Brisbane, domestic revenue was up by 3%, but in Sydney, domestic revenue was down 24%. The operator said the decline in Sydney was related to “more onerous c..