SkyCity drops results guidance by about $100m
Expected insurance gains on its books partially offset Adelaide Casino impairment.
SkyCity has significantly dropped its 2020 financial year guidance as higher estimated insurance payouts are offset by a $161 million impairment to Adelaide Casino’s value.
The NZX-listed casino operator’s updated guidance for the year ended June 30 is for ebitda of between $346m and $349m
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