SkyCity Entertainment Group reported a $143.3m loss in FY24, with underlying revenue at $959.6m and underlying EBITDA at $277.8m (down 8%).

SkyCity Entertainment Group reported a $143.3m loss for FY24, reflecting a challenging operating environment, with underlying revenue at $959.6m and underlying EBITDA at $277.8m (down 8%). The group expects no dividend for FY25 and has confirmed its FY25 earnings guidance, providing a range of underlying Group EBITDA between $245m and $265m. Despite the challenging economic climate, the group has successfully refinanced selected tranches of debt and has initiated a major transformation program focusing on regulatory compliance, preparing for the opening of the New Zealand International Convention Centre and addressing the impact of mandatory carded play in Australia.

August 21, 2024
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