The good the bad and the ugly: SkyCity’s balance sheet in focus

After a year in the top job, SkyCity chief executive Jason Walbridge faces a stern test. (Image: BusinessDesk)

Fri, 08 Aug 2025

For SkyCity, it was a dream that turned into a nightmare. Now, years later, the New Zealand International Convention Centre is creeping toward completion, and the casino operator is desperate to cash in.The problem is SkyCity’s feet seem stuck in treacle, bogged in regulation while battling an economic headwind that just won’t go away. Its balance sheet is stretched, and analysts are crunching numbers on potential asset sales needed to get debt under control and avoid a capital raise.In a couple of weeks, SkyCity will report its ful...

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