Cost of living hits SkyCity's pokie income

Cost of living hits SkyCity's pokie income
SkyCity cited four factors affecting its earnings.
John Anthony
SkyCity has downgraded its earnings guidance, citing various factors, including cost of living pressures affecting pokie machine demand across New Zealand.In an update to the NZ stock exchange on Friday, the casino operator said it expected earnings before interest, taxes, depreciation, and amortisation (Ebitda) for the 2024 financial year to be between $290 million and $310m.For the 2023 financial year, SkyCity posted Ebitda of $310m, and in October, it said earnings for the 2024 financial year would modestly increase.On Friday, the company al...

More Markets

FPH, Fletcher drive NZ stocks lower
Markets Market Close

FPH, Fletcher drive NZ stocks lower

Dips for Fisher and Paykel Healthcare and Fletcher Building drive market down.

Jamie Gray 16 May 2025
Two executives depart Bremworth
Primary Sector

Two executives depart Bremworth

The two resignations follow chief executive Greg Smith's departure. 

Riley Kennedy 16 May 2025
Forsyth Barr sees future upside in Briscoe initiatives
Retail

Forsyth Barr sees future upside in Briscoe initiatives

Management gave details on the company's roadmap for growth at the AGM on Thursday.

Gregor Thompson 16 May 2025