Casino operator SkyCity Ltd, which operates casinos and hotels in Australia and New Zealand reported a lacklustre results in the fiscal year 2017, marked by a 30 percent drop in turnover in its mainstay international business, and an even sharper drop of 42 percent in EBITDA. The company’s full year results released on Wednesday refer […]
SkyCity Adelaide should see more high rollers in its VIP rooms after the government gave the operator the greenlight to relax entry requirements and grant other concessions, local media reports. The concessions, which form part of the operator’s A$330 million redevelopment of the casino will see new entry rules for the high-roller rooms. Minimum annual […]
Australian and New Zealand casino operator SkyCity Entertainment Group has announced the appointment of Graeme Stephens as its new chief executive officer. The appointment comes following the resignation of Nigel Morrison in April this year. Mr Stephens, 53, is the current CEO of Sun International, a casino, resorts and entertainment company listed on the Johannesburg […]
SKYCITY Entertainment CEO Graeme Stephens is optimistic about the group’s prospects, helped by expansion in Auckland, a planned venture into online gaming and a rebound in international VIPs, although analysts remain cautious. New Zealand’s only listed operator this week posted record profit of NZ$170 million ($113 million) for the 2017/18 financial year. The company improved […]
New Zealand hotel and casino operator SkyCity Entertainment Group has reported flat normalised earnings and profit in full year financial results released on Wednesday.
Chief Executive Graeme Stephens told a New Zealand media outlet that in the event the government declared a total lockdown resulting in casino closures, that he could not rule out job losses among the firm’s more than 5,000 staff. “We note that in other countries where total lockdowns have taken place, everything closes, so we […]
SkyCity Entertainment is grappling with capacity issues, as licensing regulations in New Zealand make expansion of its properties difficult.
SkyCity’s convention centre is likely to be delayed by at least another year after a fire, leaving commentators scrambling to assess the financial impact.