SkyCity starts to cash in on open borders

SkyCity starts to cash in on open borders
The flagship Auckland casino will be a key driver of the rebound. (Image: SkyCity)
Staff reporters
Border openings and relaxing trans-Tasman pandemic restrictions have boosted trading for SkyCity Entertainment, which expects normalised earnings before interest, tax, depreciation and amorisation (Ebitda) to come in between $135 million and $140m for the year to June 2022.In its latest market guidance, the casino operator said the performance was being driven by its NZ gaming businesses, while non-gaming, including hospitality and hotel assets, had continued to benefit from domestic tourism during weekend and holiday periods, and the reopening...