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SkyCity drops results guidance by about $100m

Expected insurance gains on its books partially offset Adelaide Casino impairment.

Andrew Bevin Thu, 20 Aug 2020

SkyCity has significantly dropped its 2020 financial year guidance as higher estimated insurance payouts are offset by a $161 million impairment to Adelaide Casino’s value.

The NZX-listed casino operator’s updated guidance for the year ended June 30 is for ebitda of between $346m and $349m

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Andrew Bevin Thu, 20 Aug 2020
Contact the Writer: andrew@nbr.co.nz
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SkyCity drops results guidance by about $100m
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