Café China, the best Chinese restaurant in Cairns became a tenant of the Reef Hotel Casino in mid 2010.The addition of Café China has assisted our hotel profitability in 2011 besides being an important part ofour casino’s China strategy. While we think direct flights from mainland China are about a couple ofyears away, so far in 2011 we continue to see a slow and steady increase in the number of Chinesevisitors to Cairns.
Complex visitations in the first half year were slightly down by 3% because the natural disastersmentioned earlier caused a drop in tourist numbers including mainland Chinese, Japanese and domestictourists.
In the casino, grind (main floor) table games revenues were up 8% while electronic machine revenueswere up 3.9% reflecting higher spending by patrons. Premium play revenues were up 15.3% in part dueto a higher than “theoretical” win rate. Overall, casino rentals paid to the Trust were up 13.6%.
In the hotel, accommodation revenues were up 9.9% due mainly to a better average room rate beingachieved. Our Pullman Reef Hotel Casino continues to lead the 5 star market in Cairns in terms ofrevenue per available room. Food and beverage revenues were also slightly higher with better profitmargins being achieved. Overall, hotel rentals paid to the Trust more than doubled.