SkyCity profit sinks on regulatory costs
Half year result affected by interest costs after casino operator lost gaming duty dispute in South Australia.
SkyCity chief executive Jason Walbridge.
Regulatory penalties continued to drag on SkyCity as the casino operator reported a net profit down 73% to $6 million for the half year to December.
The main culprit was the payment of interest costs on casino duty in South Australia after SkyCity lost a long-running tax dispute with the state
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