SkyCity returns now structurally lower than historically: Forbar
Analysts downgrade stock to ‘underperform’ in the face of gaming regulations and cyclical trends.
‘SkyCity has done a good job in resolving a number of its outstanding regulatory issues,’ says Forbar.
Forsyth Barr analysts have downgraded their rating on NZX-listed casino operator SkyCity to ‘underperform’, saying the business is “structurally now a lower return on capital business than it was historically”.
Last week , SkyCity said revenue for the year ended June 30, 2024, was up 0.3% to
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