Auckland flagship guides SkyCity through troubled waters

Outgoing CEO will miss the launch of SkyCity's new 5-star hotel. (Image: BusinessDesk)

Thu, 22 Feb 2024

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...

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