SkyCity forecasts tough 2025, sees improvement

Thu, 31 Oct 2024

SkyCity Entertainment Group has provided a trading update and outlook at its 2024 annual meeting of shareholders.

The company said the economic environment remains challenging, but cuts to interest rates could offer some relief.

It expects tough conditions to persist into 2025, with subdued consumer discretionary spending.

However, it anticipates an improving outlook in the second half of the 2025 financial year.

SkyCity reiterated its earnings guidance for the 2025 financial year, with underlying group ebitda expected to be between $245 million and $265m.

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