SkyCity cuts forecasts for the year

Home » SkyCity cuts forecasts for the year

SkyCity Entertainment, New Zealand’s only listed gaming company, has cut forecasts for the year and says the near-term outlook is gloomy, as it grapples with the aftermath of a fire in a key project and now the impact of the coronavirus.

The operator, which has properties in both New Zealand and Australia, hit the headlines in October after a fire devastated the Auckland International Convention Centre, whose completion will now be delayed until 2022. The company reported a more than 16 per cent drop in normalised profits in the half year to December 31.

Source: Asia Gaming Brief

More about:  VIP players under scrutiny in the UK

Leave a Reply

Your email address will not be published. Required fields are marked *

Gambling News from is made for the most passionate fans of online casinos and internet gambling. We cover everything: from popular gambling world events and trends to new casino slot game releases and reviews, you will find the latest news stories.