SkyCity profit down 76% on fire, pandemic impacts

SkyCity is still paying for 2019's blowtorch incident at the NZICC.
Covid lockdowns and 2019's fire at the New Zealand International Convention Centre conspired to slice 76.1% from SkyCity Entertainment's net profit after tax for the six months to December 2020, to $78.4 million from $328m for the comparable 2019 period.Revenue was $449.9m, below forecasts by Forsyth Barr analyst Chelsea Leadbetter who had been looking for a $490.9m including gaming GST.Chief executive Michael Ahearne said while the gaming performance had remained positive, at about 95% of the comparable period, tourism interests in hot...
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