SkyCity expects growth, but actual and legal storm clouds loom

SkyCity delivered an update as part of an investor day presentation. (Image: SkyCity)

Wed, 24 May 2023

SkyCity Entertainment lowered its earnings guidance range, noting the negative impact of the weather and higher legal and compliance costs.It now forecasts normalised earnings before interest, taxes, depreciation and amortisation (Ebitda) for the year to June 30 to be $300 million-$310m, down from a prior estimate of $305m to $320m. Both figures exclude carpark earnings. Normalised Ebitda was $137.9m in the June 2022 year. The stock recently traded down 1.3% at $2.29. In an investors presentation, SkyCity said it experienced revenue g...

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