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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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Hamish McNicol Mon, 26 Aug 2024
Contact the Writer: Hmcnicol@nbr.co.nz
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SkyCity returns now structurally lower than historically: Forbar
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