SkyCity to close NZ properties
SkyCity Entertainment Group said it will immediately close its New Zealand properties in Auckland, Queenstown and Hamilton following the government’s decision to move the country to alert level 4.Shares in the casino operator closed at $1.30, having fallen 14.5 percent. They had...
Flight Centre axes 20% of NZ staff; parent drops dividend
New Zealand’s largest travel agency said it will make 250 workers redundant from today, following government advice not to travel to limit the spread of covid-19. Flight Centre NZ said 250 of the 1,200 staff it employs would be jobless from today, as the company temporarily close...
SkyCity scraps guidance and shuts Adelaide casino; shares hit all-time low
SkyCity Entertainment Group has withdrawn its annual earnings guidance as it shuts down its Adelaide Casino and prepares to close its New Zealand operations.Shares in the casino operator plunged to an all-time low $1.25 this morning, and were recently down 17.1 percent at $1.26,...
Sports feeling the pinch as TV, gambling revenues dry up
The country’s sporting organisations may need a helping hand to get them through the covid-19 outbreak as suspended competitions halt not only broadcasting revenues, but also their share of betting income. While suspended television rights have dominated the headlines with mar...
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