SkyCity will put ‘compliance ahead of short-term profits’, chair Julian Cook says

SkyCity chair Julian Cook says regulatory issues will remain a focus for the company. (Image: NZME)

Thu, 31 Oct 2024

SkyCity is sticking with its earnings guidance but says tough market conditions and regulatory issues continue to pose challenges.At SkyCity Entertainment Group's AGM on Thursday, chair Julian Cook acknowledged that the suspension of dividends and the share price – sitting at $1.39 by mid-morning – represented a “disappointing outcome” for shareholders. “The board's view is that business prospects will improve as we work through the regulatory improvement programmes, as the NZICC [New Zealand Internati...

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