The South Australian regulator plans to launch an inquiry into SkyCity Entertainment’s operations in Adelaide, saying recent probes elsewhere have revealed systemic problems in the country’s casino industry.
SkyCity expects normalised EBITDA0) of between $135 -140 million and Group normalised NPAT0) of between $3.5 - 7 million, in a submitted Earnings Guidance for FY22 note.
SkyCity Entertainment has launched a new virtual reality attraction that takes players on a slide tour over Auckland.
SkyCity Entertainment on Tuesday advised it has secured a number of debt covenant waivers as a contingency in the event that the pandemic causes further disruptions in the near-term.
SkyCity Entertainment’s New Zealand properties will be able to shed its restrictions on mass gatherings and physical distancing from today (April 14, 2022), following a further easing of alert level from red to orange.
SkyCity’s Auckland Casino has reportedly been identified as having a number of “failures” in addressing gambling harm, despite earlier warnings to rectify the issues, according to a report from Newshub.
SkyCity Entertainment, New Zealand’s only listed casino operator, is planning a major recruitment drive in anticipation of rebound in tourism as the country reopens.
SkyCity said its New Zealand properties were significantly impacted by Covid-19 disruptions during 1H22, particularly at its Auckland casino, which saw its revenue falling 48.7 percent year-on-year.
SkyCity Entertainment's Queenstown casino has been named a location of interest by New Zealand's health authorities after an infected person visited the premises on New Year's Day.
SkyCity Entertainment will invest EU25 million ($23.3 million) in Gaming Innovation Group (GiG) in a directed share issue that will part finance the latter's acquisition of sports betting platform provider, Sportnco.