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 in October after a fire devastated the Auckland International Convention Centre, whose completion will now be delayed until 2022. The company reported a more than 16 percent drop in normalized profits in the half year to December 31, which reflect the impact of . . . This content is restricted to subscribers

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