SkyCity: house keeps losing as covid stacks the deck

SkyCity: house keeps losing as covid stacks the deck
Ahearne: SkyCity will reopen only for vaccinated punters. (Image: Supplied)
Brent Melville
SkyCity Entertainment continues to bleed about $1 million a day in lost earnings as a result of ongoing covid lockdowns at its New Zealand properties.Those closures have seen its flagship Auckland precinct closed for more than 11 weeks, Hamilton offline for nearly seven weeks and Queenstown closed for three weeks.That prompted the listed casino and hospitality operator to claim an NZ government covid wage subsidy of $2.6m for its 2,400 Auckland based staff from mid-Sept. By then it had already had its doors shut for a month.Following the closur...

More Markets

NZ sharemarket enjoys good week with fourth gain
Markets Market close

NZ sharemarket enjoys good week with fourth gain

The S&P/NZX 50 Index closed at 11,938.08, up 64.04 points or 0.54%.

Graham Skellern 03 May 2024
BHP CEO flies to South Africa to push $65.4 billion takeover
Markets

BHP CEO flies to South Africa to push $65.4 billion takeover

The executives have already begun conversations with key stakeholders.

Bloomberg 03 May 2024
Rakon shareholder wants light shed on $400m bid
Markets

Rakon shareholder wants light shed on $400m bid

US giant Skyworks could be Rakon's new owner. One shareholder wants it to confirm.