SkyCity Reports Profit Decline After Challenging FY26
SkyCity Entertainment Group has reported a significant decline in profitability for the financial year ended 30 June 2026, with the New Zealand casino operator citing weaker customer spending, the rollout of mandatory carded play and higher operating costs as key factors affecting performance. The company recorded group revenue of NZ878.9m(US522 million), representing a 6.5% year-on-year increase. However, earnings and profit declined during the period. EBITDA fell 44.2% to NZ120.5million(US71.5 million), while net profit after tax dropped 37.6% to NZ18.2million(US10.8 million). SkyCity said […] The post SkyCity Reports Profit Decline After Challenging FY26 appeared first on World Casino News.
SkyCity Entertainment Group has reported a significant decline in profitability for the financial year ended 30 June 2026, with the New Zealand casino operator citing weaker customer spending, the rollout of mandatory carded play and higher operating costs as key factors affecting performance. The company recorded group revenue of NZ878.9m(US522 million), representing a 6.5% year-on-year increase. However, earnings and profit declined during the period. EBITDA fell 44.2% to NZ120.5million(US71.5 million), while net profit after tax dropped 37.6% to NZ18.2million(US10.8 million). SkyCity said […]
The post SkyCity Reports Profit Decline After Challenging FY26 appeared first on World Casino News.
