SkyCity gets $9.4m in further wage subsidies


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.

Work and Income’s website says the company got $21.6 million when its workforce was 3,272 employees and has not received a further $9.4 million for its 2,219 workers. The company has downsized due to the impact of the crisis.

The operator said in an email that its core domestic gaming business was doing relatively well, but the “employee-heavy areas of hotels, food and beverage, had been slower to pick up.

“As with so many businesses in New Zealand, the COVID-19 crisis has fundamentally changed the SkyCity business for the foreseeable future. To reflect this, we have right-sized our operations to be a smaller, domestically focussed business, as previously disclosed.”

SkyCity has experienced a decline in revenue over the past forty days of more than 40 percent and we have applied for the wage subsidy extension to ensure we can sustain our employee base until business returns to previous levels. The wage subsidy extension covers 2,219 full time and part time employees.

The wage subsidy extension provides an eight-week payment per named employee.

SkyCity, which operates casinos in New Zealand and Australia, was one of the first in the Asia Pacific region to reopen, after Macau. 

Previous articleAPE installs Spintec Multi-Baccarat in Danang casino
Next articleGalaxy Gaming buys Baccarat Fightback

Related Articles

SkyCity cuts forecasts as fire, Coronavirus hit

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 Adelaide to reopen on Sunday

SkyCity Entertainment said its Adelaide casino will open on Sunday to certain Premier membership tiers, with a maximum capacity of 100 people

SkyCity mum on reasons for executive shakeup

There must have been a reason why SkyCity Entertainment showed the door to three of its top executives on Monday, but so far the firm is giving no credible answers to that question.
Unexpected shakeup at SkyCity

Unexpected shakeup at SkyCity

If we had known that the week would begin with an operator in Australasia replacing its management, we would have expected it to be news of Crown Resorts, not SkyCity.

SkyCity outlines Auckland enhancement projects

SkyCity Entertainment has outlined upgrades to its Auckland entertainment complex to draw in domestic visitors in the absence of international tourists.

SkyCity doesn’t expect normality until 2022

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.
Jacinda Ardern

Greens seen as gambling wild card in NZ elections

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 Hamilton

Covid-19 restrictions dropped for SkyCity properties outside Auckland

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 […]

SkyCity revenues rise and profits fall in FY2020

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 raises FY20 earnings guidance

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.