The chips are down: SkyCity tables $33.7m loss

Ahearne says there is 'no dividend likely this year'. (Image: supplied)

Mon, 14 Feb 2022

SkyCity Entertainment opted to release its half-year financial results on Valentine’s Day, but shareholders won’t be in love with the performance.Pandemic restrictions across both Australian and New Zealand casino and hotel operations during the period conspired to slash reported revenue to $289.8 million for the six months to Dec 31.Earnings before interest, taxes, depreciation and amortisation (ebitda) was down 86.4% to $20.4m, from the comparable $150.5m. Net profit after tax was a reported loss of $33.7m, from a profit of...

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