SkyCity Entertainment Group has updated its full-year earnings guidance for the 2025 financial year, with group ebitda now expected to be about 4% lower than the current guidance range of $225 million to $245m.
The company said market conditions have continued to deteriorate since its first-half update.
While visitation levels remained steady across all its precincts, there has been a decline in spend per visit, making forecasting difficult.
Auckland experienced reduced spend in both its hospitality and gaming businesses, while the casinos in Hamilton and Queenstown performed in line with expectations.
In Adelaide, lower visitation and spend by VIP gaming customers impacted performance.
SkyCity said it would continue with the Adelaide B3 uplift programme, with no change to the previously announced cost of $60m over the period from FY25 to FY27.
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