Friday, September 30, 2022

Casino Canberra Feb. GGR rises


The Aquis Group’s Casino Canberra saw higher gross gaming revenue in February, helped by a refurbishment of the property and targeted marketing programs. 

In a release to the Australian Stock Exchange, the group said gross gaming revenue gained 10 percent to $1.9 million ($1.4 million). That’s 11 percent lower than January, but the company said the drop was mainly due to fewer days in the month.

It said gaming department expenses were in line with previous periods.

The casino reported a wider loss for 2016 of $7.7 million.

Overall gambling revenue gained 21 percent for the year to $22 million, with food and beverage gaining to $2.23 million.

Casino owner Aquis is in a negative net asset position, with liabilities of $31.3 million outstripping assets by $14,300. The share price has slumped to 5 cents.

Casino Canberra reopened last year after a $14 million refurbishment.




Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

3rd party / Cookies
Show settings
Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief