SkyCity revenue down 2.8 percent in YTD as strong kiwi crimps returns

Thu, 17 Oct 2013

By Tina Morrison Oct. 18 (BusinessDesk) – SkyCity Entertainment Group, New Zealand’s only listed casino operator, said revenue before one-time items dropped 2.8 percent so far this financial year as a higher New Zealand dollar crimps returns from its Australian businesses. Revenue before one-time items fell to $268.7 million in the period from July 1 to Oct. 13, from $276.5 million in the year-earlier period, the company said in notes for delivery at its annual meeting in Auckland today. SkyCity shares fell 1.2 percent to a three-day low of...

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