Regulatory overhang on SkyCity should fade in time

Regulatory overhang on SkyCity should fade in time
(Image: Getty)
Rebecca Howard
Jarden retained a buy rating on SkyCity Entertainment, noting the current regulatory overhang should fade with time and cashflows improve as major projects are completed.Analysts Adrian Allbon and Nick Yeo have a target price of $3.00 versus $2.95 previously. The stock closed Wednesday at $1.89. Residual riskAllbon and Yeo reviewed the residual risk in the regulatory overhang that remains from the Australian Transaction Reports and Analysis Centre (Austrac) enforcement action and Department of Internal Affairs (DIA) notification.The casino...

More Markets

Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.

Retailers say unseasonable weather compounded woes
Retail

Retailers say unseasonable weather compounded woes

The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.