SkyCity Entertainment Group says it doesn’t expect to be back to full strength until 2022 and has prepared the business for the eventuality of further Covid-19 lockdowns.
SkyCity Entertainment prepared for more lockdowns, no normality until 2022 (NZ Herald)
SkyCity Entertainment, New Zealand’s only listed gaming company, has cut forecasts for the year and says the near-term outlook is gloomy, as it grapples with the aftermath of a fire in a key project and now the impact of the Coronavirus. The operator, which has properties in both New Zealand and Australia, hit the headlines […]
SkyCity Entertainment has outlined upgrades to its Auckland entertainment complex to draw in domestic visitors in the absence of international tourists.
New Zealand’s main political parties are unlikely to change the gambling landscape post general elections that end on Saturday, although the picture may be different if the hard left Green Party becomes part of the government.
SkyCity Entertainment has announced that, except for Auckland, Covid-19 restrictions will no longer be necessary at its New Zealand properties. This means that the firm’s Hamilton and Queenstown facilities can now operate once again without physical distancing measures and that the general public can return to the casinos. SkyCity Auckland, however, will continue to operate […]
The SkyCity Entertainment Group announced its full year results on Thursday morning for the July 2019 to June 2020 period, showing revenues rising but profits falling in relation to the previous year. As for the revenues, they were up about 37 percent to over NZ$1.1 billion (US$765 million). More than 44 percent of these revenues […]
SkyCity Entertainment has raised its guidance for earnings for the 2020 fiscal year due to higher estimates from insurance proceeds for fire damage at the New Zealand International Convention Centre last year.
In a video presentation hosted by SkyCity Auckland Executive General Manager of Gaming Matt Ballesty and presented at the Australasian Gaming Expo, a glimpse was provided on how the New Zealand-based gaming company coped with Covid-19. As was explained in the video, New Zealand had a full lockdown lasting for about four weeks, followed by […]
Auckland has been put back into stage three lockdown, while the rest of the country moves back to stage two, after new Covid-19 cases were discovered in a local household with no obvious cause of transmission.
New Zealand’s SkyCity Entertainment Group has received a further $9.4 million (US$6.2 million) in wage subsidies to support employment during Covid-19, taking its total to $31 million, according to a local media report.
SkyCity Entertainment was given a formal warning by the Department of Internal Affairs for breaching the Gambling Act after it emailed loyalty customers in March, saying that its online casino was still open for business despite the Covid-19 lockdown.