Auckland flagship guides SkyCity through troubled waters

Auckland flagship guides SkyCity through troubled waters
Outgoing CEO will miss the launch of SkyCity's new 5-star hotel. (Image: BusinessDesk)
Brent Melville
SkyCity’s Auckland property held the casino and hotel operator’s head above water for the half year to December, enabling net profits of $22.5 million, though still down 1.3% on the comparable period’s $22.8m.That was off group revenues which came in at $445.2m, with earnings before interest, tax, depreciation, and amortisation (Ebitda) slipping 5% at $101m on generally tighter consumer spending.The bright spark was at SkyCity Auckland, with 2.5 million visitors through its doors during the period. That's an 8% improvement...

More Markets

Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

NZ dollar on watch ahead of 3Q GDP, Fed signals
Markets

NZ dollar on watch ahead of 3Q GDP, Fed signals

Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.

Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.

NZ sharemarket drifts flat as Fed decision looms
Markets Market Close

NZ sharemarket drifts flat as Fed decision looms

The S&P/NZX 50 Index closed down 0.05% or 6.5 points.

Tom Raynel 17 Sep 2025