Bad luck can’t stop SKYCITY from upward surge in FY19
New Zealand’s SKYCITY Entertainment Group booked a slight 0.8% increase in revenue to NZ$822.3 million in the 12 months ended 30 June 2019, but Adjusted EBITDA and profit after tax declined due to a low win rate and the sale...
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SkyCity offloads Auckland carpark concession for NZ$220 million
New Zealand’s SkyCity Entertainment Group Limited has sold the long-term concession over its Auckland carparks to Macquarie Principal Finance Group (MPF) for NZ$220 million. In an announcement on Friday, SkyCity said the sale of the concession, which covers around 3,200...
New Zealand’s SKYCITY launches Malta-based online casino
SkyCity Malta, a subsidiary of New Zealand’s SKYCITY Entertainment Group, has launched its new online casino, SkyCityCasino.com, in partnership with Gaming Innovation Group Inc (GiG). The site, to be operated out of Malta by GiG, will provide users based in...
SkyCity granted approval to buy land for new five-star Queenstown hotel
New Zealand’s SkyCity Entertainment Group has been granted government approval to purchase a 1.01-hectare plot of land in Queenstown to develop a new five-star hotel. The acquisition is seen as a substantial strategic development for SkyCity, with the company having...
New Zealand’s SKYCITY inks online casino partnership in Malta
SKYCITY Entertainment Group Limited has announced that its Maltese subsidiary, SKYCITY Malta Limited, will partner with international iGaming company Gaming Innovation Group Inc (GiG) to provide an online casino gaming platform to New Zealand. The “skycitycasino” online gaming site is...
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VIP segment leading stronger than expected performance for SKYCITY
New Zealand-based gaming operator SKYCITY Entertainment Group says it expects to record better than expected revenue in the six months to 31 December 2018 due to strong growth in its International VIP segment and improved performance at flagship property SKYCITY...
VIP recovery leads SKYCITY to record FY18 results
Australasian IR operator SKYCITY Entertainment Group saw its net profit rise 10.4% to NZ$169.9 million in the 12 months ended 30 June 2018.
OZ VIP: A new dawn
It has taken just 12 months for Australia’s VIP turnover to rebound following the arrests of 19 Crown Resorts employees in China in October 2016, but the balance of power between Australian operators has shifted dramatically in the process.
