Star Entertainment Group continues to reopen as COVID-19 restrictions ease

1 July 2020, Written by Business News Australia

Star Entertainment Group continues to reopen as COVID-19 restrictions ease

From today, Star Entertainment Group's (ASX: SGR) venues in New South Wales and Queensland will reopen further as more COVID-19 restrictions are eased.

The company has announced that the next stage of reopening of The Star Sydney will commence today, with the venue allowed to host up to 5,000 patrons at any one time within the casino area, determined by the 4sqm rule as required by the NSW Government.

All electronic gaming machines and table gaming positions may be operational but with social distancing measures implemented.

The company says based on past visitation patterns, spatial distancing measures and capacity limits are expected to constrain visitation and revenue during peak periods like Friday and Saturday nights.

In Queensland, the main gaming floor and private gaming rooms at The Star Gold Coast and Treasury Brisbane will reopen at midday on 3 July 2020.

The maximum numbers of patrons within the casino gaming areas at The Star Gold Coast will be around 2,600, and around 2,300 at Treasury Brisbane.

"The Star expects that its Queensland properties will need to observe spatial distancing requirements for its gaming positions, and to be open to loyalty club members, their guests and the general public," says The Star Entertainment Group.

SGR has also provided a June 2020 trading update for The Star Sydney, demonstrating how trading performance has improved over the month as permitted visitation increased.

Since 19 June 2020 the company says average daily slot and table gaming volumes have been comparable with 1H20 private gaming room levels.

"Over this short period of time, the performance of The Star Sydney in June 2020 was consistent with management expectations and was significantly below normal levels given the operating restrictions," says The Star Entertainment Group.

Updated at 2:04pm AEST on 1 July 2020.

Author: Business News Australia





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