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.

7 months ago
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