SkyCity has advised that, following the completion of the first five months’ trading across the group, it now expects FY24 EBITDA of between $290m and £310m.
The key drivers to this change are a reduction in electronic gaming machine revenue across the New Zealand sites, a weaker than expected performance in its Adelaide property and accelerated investment in New Zealand online gaming operations ahead of the potential regulation of the online gaming market in New Zealand.
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