SkyCity starts to cash in on open borders

The flagship Auckland casino will be a key driver of the rebound. (Image: SkyCity)

Tue, 14 Jun 2022

Border openings and relaxing trans-Tasman pandemic restrictions have boosted trading for SkyCity Entertainment, which expects normalised earnings before interest, tax, depreciation and amorisation (Ebitda) to come in between $135 million and $140m for the year to June 2022.In its latest market guidance, the casino operator said the performance was being driven by its NZ gaming businesses, while non-gaming, including hospitality and hotel assets, had continued to benefit from domestic tourism during weekend and holiday periods, and the reopening...

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