Date:
SkyCity Casino in Auckland, New Zealand on Aug. 19, 2021. Fiona Goodall/Getty Images
Auckland hotel and casino operator SkyCity Entertainment Group has reported a 42 percent fall in annual profit to $71.5 million, prompting a trading halt and a $240 million equity raising.
Revenue fell 11.1 percent to $825.2 million in the year to June 30, despite customer visits rising 4.6 percent. The company said lower spending per person, due to challenging economic conditions, was to blame.
The Alliance Press is the world leader in online chained news and information and seeks to inform, engage and empower the world. We expose the information that wasn't known before or current events broadcast over the radio, television, online or in print media. Our content is now available through your mobile phone. No matter where your on-the-go lifestyle takes you, TAP brings the news directly to you.
More from CN
Contact
© The Alliance Media Group design by CODEUS
