Regulatory overhang on SkyCity should fade in time

(Image: Getty)

Thu, 01 Feb 2024

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...

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