SkyCity blames worsening market conditions for earnings downgrade

SkyCity blames worsening market conditions for earnings downgrade

SkyCity Entertainment Group has downgraded its full year 2025 earnings guidance due to worsening market conditions. The casino operator said that since its...

SkyCity revises down FY25 profit forecast on reduced customer spending

New Zealand’s SkyCity Entertainment Group says it expects its group-wide EBITDA for the financial year ending 30 June 2025 to fall 4% below the bottom of its previous guidance range due to customers spending less than previously. The previous EBITDA guidance range was for between NZ$225 million to NZ$245 million (US$135 million to US$147 million). In a filing, the company explained that while visitation continues to hold steady across all precin…

Hot Stocks: Sigma Healthcare, SkyCity Entertainment, Altech Batteries

U.S. markets pulled back on Monday, ending the S&P 500’s nine-day winning streak as investor sentiment weakened amid renewed trade tensions and inflation concerns. The S&P fell 0.64%, the Nasdaq dropped 0.74%, and the Dow lost 0.24% despite a partial rebound in industrials. While stronger-than-expected U.S. services data offered some support, focus remained on President Trump’s escalating tariff threats, including a proposed 100% levy on foreign…

SkyCity adjusts earnings estimates, as visitor spend falls

New Zealand and Australia gaming operator SKyCity has revised down its expected FY25 group EBITDA by 4 percent, as ‘spend per visit across the Group has continued to fall’. The post SkyCity adjusts earnings estimates, as visitor spend falls first appeared on Asia Gaming News | AGB - Asia Gaming Brief.