Star casino profits from 'captive market' as VIP gamblers can't get home

Thursday 20th February 2020

On Thursday morning investors were bracing themselves for impact. Two of Australia's most coronavirus sensitive companies - Qantas and casino operator The Star Entertainment - released earnings updates.

Both provided a shock but neither was rude.

And both companies' share prices surged by about 6 per cent and 5 per cent respectively in morning trade.

The Star's chief executive Matt Bekier looked unusually relaxed. He flummoxed analysts with the news that in the first six weeks of this quarter the casino's VIP revenue is up despite visitations being down.

Source

Best New Customer Offers

Bonus up to £1000 + 1000 LV Spins

Welcome Package

18+. New customers only. Welcome bonus is valid for first 4 deposits. Min. deposit £10. Wagering requirement 35x. Max bonus: £200 (100%) + £200 (50%) + £500 (25%) + £100 (200%). Max. spins: 200 + 200+ 500 +100 Spins. Full terms apply.

Bonus up to £200 + 100 Free Spins

Welcome Package

18+. New players only. Min Deposit £10. Welcome package splits over 3 deposits. 35x wagering requirement applies to match up bonus. Offer valid for 1 week. 100 spins split to 20 spins a day for 5 days. 50x wagering applies to spins. Full terms apply.

We use cookies and other tracking technologies to improve your browsing experience on our website, to show you personalized content and targeted ads, to analyze our website traffic, and to understand where our visitors are coming from. By browsing our website, you consent to our use of cookies and other tracking technologies. View more
Agree & Continue