Tough year hits SkyCity result, confident about the year ahead

SkyCity's chief executive Michael Ahearne said the company’s results had been “significantly impacted” by disruptions caused by covid-19. (Image: SkyCity)

Riley Kennedy

Thu, 25 Aug 2022

A tough year dealing with the impacts of covid-19 weighed on SkyCity Entertainment's annual earnings.The Australian (ASX) and New Zealand (NZX) listed company, which operates casinos across five venues in both countries, posted a net loss of $33.6 million in the 12 months to June 30, turning around a profit of $155.8m the year before. The 2021 financial year was buoyed by a larger insurance payment on the convention centre fire, and a liquidated damages settlement with Fletcher Building over that building's delayed construction. St...

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