SkyCity profit warning as spending declines

Visitor numbers are holding up but customers are keeping a tighter grip on their wallets.

Anti-money laundering and harm minimisation measures have affected VIP gambling revenue at SkyCity Adelaide.

NBR Staff Tue, 06 May 2025

Casino operator SkyCity has warned its profit for the year to June will fall below previous guidance as market conditions deteriorate.

In a statement to the NZX, SkyCity said its earnings before interest, tax, depreciation and amortisation were likely to be around 4% below its earlier lowest

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