SkyCity Entertainment Group impairs Adelaide casino assets by A$86.2m due to carded play implementation.
SkyCity Entertainment Group has impaired its Adelaide casino assets by A$86.2m due to mandatory carded play implementation and related legal & compliance costs. The company anticipates a tax adjustment of $129.6m due to recent changes. These adjustments reflect the true value of the assets and address potential financial impacts, without affecting underlying earnings or net profit for the 2024 financial year.
August 18, 2024
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