SkyCity profit sinks on regulatory costs
Half year result affected by interest costs after casino operator lost gaming duty dispute in South Australia.
SkyCity chief executive Jason Walbridge.
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Regulatory penalties continued to drag on SkyCity as the casino operator reported a net profit down 73% to $6 million for the half year to December.
The main culprit was the payment of interest costs on casino duty in South Australia after SkyCity lost a long-running tax dispute with the state
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