SkyCity expects to impair its Adelaide assets by A$86.2 million (NZ$94.9m) and record a tax adjustment of NZ$129.6m.
The impairment is due to updated assumptions regarding the introduction of mandatory carded play at the SkyCity Adelaide casino in 2026 and additional legal and compliance costs.
The tax adjustment is a result of recent changes to NZ tax legislation.
However, both the impairment and tax adjustment are non-cash and will not impact SkyCity's underlying earnings for the financial year ended June 30 2024.
The company's full financial statements and these adjustments are still subject to external audit.
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