SkyCity posts 4% dip in 3Q revenue as Australia struggles, Auckland flat

Thu, 27 Apr 2017

By Paul McBeth April 28 (BusinessDesk) - SkyCity Entertainment Group posted a 4 percent decline in third-quarter sales as its Australian businesses in Darwin and Adelaide continued to struggle while its flagship Auckland casino dealt with flat gaming revenue and the loss of its Air New Zealand Koru catering contract. Group revenue fell to $258.1 million in the three months ended March 31 from $268.9 million a year earlier, the Auckland-based company said in a statement. SkyCity's Auckland casino, the company's largest, reported a 1.5 per...

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