EVT recovered strongly from an initial aggressive sell-off when the pandemic broke out but the operator of Event Cinemas, QT & Rydge’s Hotels, Sydney Ferries and Thredbo Resorts couldn’t have a worse business model for another round of COVID shutdowns.
EVENT Hospitality & Entertainment Limited is an Australia-based company engaged in entertainment, hospitality and leisure business. The Company’s segments include Entertainment, Entertainment Germany, Hotels and Resorts, Thredbo Alpine Resort and Property and Other Investments. Entertainment segment includes cinema exhibition operations in Australia and New Zealand, technology equipment supply and servicing, and the State Theatre. Entertainment Germany segment includes the cinema exhibition operations in Germany. Hotels and Resorts segment includes the ownership, operation and management of hotels in Australia and New Zealand. Thredbo Alpine Resort segment includes all the operations of the resort including property development activities. Property and Other Investments segment includes property rental, investment properties and investments designated as at fair value through other a range of income. The Company operates in Australia, New Zealand and Germany.
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