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SkyCity shares punished on dividend suspension

Stock falls as much as 22% after casino operator cans dividends until 2026 and cuts profit outlook.

SkyCity dividends were suspended in light of weaker earnings in 2025.

Tim Hunter Thu, 06 Jun 2024

Shares in SkyCity plummeted more than 20% after the casino operator announced a suspension of dividends and a profit warning this morning.

In the first 90 minutes of trading SkyCity shares were down 22% to $1.35 on turnover of $2.5 million, wiping $289m off the company’s market capitalisation,

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Contact the Writer: thunter@nbr.co.nz
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SkyCity shares punished on dividend suspension
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