SkyCity lowers FY guidance, conditions still challenging

(Image: NZME)

Thu, 20 Feb 2025

SkyCity Entertainment Group says ongoing “challenging market conditions” weighed on its first-half result and it lowered its full-year guidance.For the six months to Dec 31, the casino operator reported underlying net profit of $37.8 million, down 41.5% on the year because of lower earnings and increased costs. Reported net profit fell 73% to $6m and includes a $31.7m impact from a settlement with Revenue South Australia of interest on gaming duty.Group revenue was $422m, down 5%. Group earnings...

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