SkyCity CEO sees no sign of slowdown yet, but is prepared

Thu, 15 Aug 2019

By Rebecca Howard Aug. 15 (BusinessDesk) - SkyCity Entertainment Group isn’t yet seeing the impact of a slowdown in tourism but chief executive Graeme Stephens says he's braced for the challenge. The casino and hotel operator yesterday reported a 1.9 percent increase in normalised profit to $173 million, largely on the strength of its New Zealand properties in Auckland, Hamilton, and Queenstown. And while it predicted more growth in the current financial year, the company warned that the wider economic and tourism conditions may deteriora...

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