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SkyCity issues profit warning, suspends dividends

Casino operator seeks to protect debt covenant headroom as market conditions weaken.

SkyCity said the economic environment was affecting customer spend.

NBR Staff Thu, 06 Jun 2024

Casino operator SkyCity has issued a profit warning and suspended dividends, citing challenging economic conditions as well as the impact of regulatory penalties and capital expenditure.

In a statement to the NZX, SkyCity said there would be no final dividend for the year to June, nor any payout for

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NBR Staff Thu, 06 Jun 2024
Contact the Writer: editor@nbr.co.nz
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SkyCity issues profit warning, suspends dividends
Investment,
104369
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