SkyCity granted leave to appeal in Aussie casino duty dispute

The cases involves an agreement that dates back to 1999 (Image: Getty)

Thu, 06 Jun 2024

SkyCity Entertainment Group offered up some positive news after a tough day on the market.The High Court of Australia has granted SkyCity Adelaide special leave to appeal a judgment related to the South Australian casino duty dispute.Earlier the company’s shares plunged more than 20% after it suspended its dividends and lowered its guidance for the year to June 30. The stock closed down 15% at $1.47. Chair Julian Cook attempted to reassure investors about the company’s liquidity position.“I would like to stress that...

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