In Australia and local casino operator The Star Entertainment Group Limited has released a trading update covering the first five months of 2021 and showing that its domestic gaming revenues had improved by about 37% year-on-year.
The Sydney-listed firm used the filing (pdf) to detail that the recovery came after its The Star Gold Coast, Treasury Brisbane and The Star Sydney properties were forced to close for a ten-week period from March 23 of 2020 due to fears associated with the coronavirus pandemic. The operator explained that the recent revival had included a bump of 3% year-on-year in slot receipts to help push its accompanying company-wide revenues up by 35%.
SAP Australia back in black despite slump in services revenue
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SAP has booked its first Australia profit in six years, thanks to the rapid growth of its cloud division and reduced expenses in the pandemic, but the software giant suffered a worrying revenue hit, particularly in its services division.
The $67 million profit increase in 2020 to $46.3 million came despite an overall 3 per cent slide in revenue to $1.15 billion, with the main culprit being a 16 per cent fall in revenue generated by its services business.
SAP Australia and New Zealand managing director Damien Bueno says projects that used to take months, now take weeks.
Former OMD account director launches specialist media agency
April 19, 2021 5:14
Taylor Fielding, former OMD Australia account director, has launched TFM Digital, a specialist media agency.
The announcement:
Brisbane media professional and former OMD Australia Account Director, Taylor Fielding, has officially launched TFM Digital, a specialist media agency based in Newstead which primarily provides media buying services, and strategy development, to businesses chiefly, but not exclusively, within the franchise sector.
Prior to the launch of TFM Digital, Fielding spent the last eight years working for some of Australia’s most prominent media agencies, having begun his career at WPP Agencies before going on to work for the multi-international award-winning, OMD Australia, the country’s largest media and communications agency.
ASX Update: Pandemic peak as tech, gold shine
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The share market surged to a new pandemic-era high as rising inflation and falling borrowing costs boosted gold and technology companies.
The
S&P/ASX 200 climbed 46 points to 7022.7, its strongest level since February last year, before trimming its advance to 30 points or 0.43 per cent mid-session.
The
All Ordinaries rallied 34 points or 0.47 per cent. The broader of the two major benchmarks reached 7280.3, less than 10 points off last year s pre-pandemic all-time high.
What s driving the market
The market resumed its uptrend after
Wall Street cruised through the first of the week s major risk events . The Nasdaq Composite rallied 1.05 per cent and the S&P 500 added 0.33 per cent after the March consumer price index confirmed a sharp pick-up in inflation. A regulatory pause on Johnson & Johnson s Covid vaccine over blood clotting issues had little impact.
ASX rises 1pc, extending its 13-month high
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The Australian sharemarket extended its strong start to the month on Thursday, hitting a fresh 13-month high, with strong gains from the miners and banks supporting the gains.
The S&P/ASX 200 Index rose 70.8 points, or 1 per cent, to 6998.8, its highest level since February 21, 2020.
Despite a weak lead from Wall Street overnight, the local sharemarket shot higher during morning trade, breaking above 7000 points for the first time since the market’s COVID-19 sell-off in February and March a year ago.
The day’s advance capped off a strong start to April for the local sharemarket which has risen 3.7 per cent in the first five sessions of the month.