The June 30 result is a $1,http://www.masenv.com/.3 million increase on the same period last year. Trust chairman Ben Macdonald said total revenue, mainly rental from the Reef Hotel Casino, was 16.5 per cent higher to $9.76 million. This increase is due to good growth in revenues in both casino and hotel operations, he said. In addition, a better than theoretical win rate on premium casino play assisted in generating revenues growth. Our casino consolidated its premium player market during a difficult time by extra focus on the markets closest to us,douuo.com/burberry. High roller revenue jumped by 15.3 per cent. Mr Macdonald said expenses were well controlled and had risen by 0.7 per cent ($35,000). He said the strong rental growth was despite a difficult first six months with a continuing weak economy due to the global financial crisis, the Queensland floods and the Japanese earthquake. Mr Macdonald said the extra State Government gaming tax introduced in 2009 added an extra tax burden of $1,Tory Burch sale.3 million, slightly up on last year. He said the addition of Cafe China as part of the casino s Chinese strategy had assisted in hotel profits,gucci outlet. In the casino main floor, table game revenues were up by 8 per cent while poker machines revenues were up 3.9 per cent reflecting higher spending by patrons ,Hogan. Mr Macdonald said the strategy to improve profits this year was proving to be successful,http://www.pilewu.com/truereligionjeans.html. In July, the Reef Hotel Casino and the trust reported good profit results, he said. While there is some reason to be optimistic,beats headphones, our view is that the rest of the year will remain challenging for the Reef Hotel Casino,gucci outlet. Mr Macdonald said, while there were some positive signs for the region, with the economy recovering and tourism improving, overall Australian consumer sentiment remained weak and there were global headwinds from a weak US economy and the European debt crisis. The recent global financial turmoil in early August may affect our results in 2011, he said. The trust successfully managed the last global financial crisis. The trust is in a good financial position and remains positive about its future. He said he expected an increase in distributable profits compared with last year would exceed 20c per unit. For the half year to June 30, the trust will distribute 9c per unit for a total of $4.5 million.
Related articles:
发表评论 评论 (0 个评论)