SkyCity says no dividends in 2022 on extended debt covenant waivers
New Zealand’s SkyCity Entertainment Group says it is unable to issue dividends to shareholders for the remainder of 2022 after securing an extension to debt covenant relief for the June 2022 and December 2022 testing periods. In a Tuesday morning...
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SkyCity welcomes end of capacity restrictions as New Zealand opens borders to Australia
SkyCity Entertainment Group has confirmed that its three New Zealand properties are no longer subject to capacity restrictions or social distancing measures from today after the government lowered the national COVID-19 alert level. Authorities announced on Wednesday that New Zealand...
Government audit finds serious deficiencies in SkyCity Auckland’s responsible gaming processes: report
New Zealand’s Department of Internal Affairs (DIA) found that SkyCity Entertainment Group’s flagship Auckland casino had “very few” harm minimization measures in place and was “deficient” in its processes around identifying banned players. The findings of the 2019 audit, finalized...
New Zealand’s SkyCity Entertainment Group falls to US$22 million loss in 1H22
New Zealand’s SkyCity Entertainment Group slumped to a NZ$33.7 million (US$22.4 million) loss in the six months to 31 December 2021, representing a 143.3% decline from a profit of NZ$78.4 million (US$56.4 million) over the same period in 2020. The...
New Zealand to stay closed to foreign travellers until 30 April 2022
New Zealand will reopen its borders to returning citizens from mid-January but international visitors will have to wait until late April before being allowed to enter without quarantine. The nation’s COVID-19 opening plan was released on Wednesday with COVID-19 Response...
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SkyCity sets 3 December reopening date for flagship Auckland casino
SkyCity Entertainment Group says it expects to reopen its flagship casino in Auckland on 3 December after the New Zealand government confirmed plans to convert to a new COVID-19 alert system. Under the country’s COVID-19 Protection Framework, to come into...
Julian Cook to replace Rob Campbell as SkyCity chair in 2022
New Zealand’s SkyCity Entertainment Group has named current director Julian Cook as its chair-elect ahead of the impending retirement of current chairman Rob CampbellJulian Cook to replace Rob Campbell as SkyCity chair in 2022. Cook, who joined the SkyCity board...
SkyCity shutters Hamilton casino on local COVID scare
New Zealand’s SkyCity Entertainment Group says it has suspended operations at its SkyCity Hamilton casino, located 115km south of Auckland, for at least five days after two new COVID-19 cases were detected in the Waikato region. Prime Minister Jacinda Adern...