close
MENU
Investment
3 mins to read

SkyCity returns now structurally lower than historically: Forbar

Analysts downgrade stock to ‘underperform’ in the face of gaming regulations and cyclical trends.

‘SkyCity has done a good job in resolving a number of its outstanding regulatory issues,’ says Forbar.

Forsyth Barr analysts have downgraded their rating on NZX-listed casino operator SkyCity to ‘underperform’, saying the business is “structurally now a lower return on capital business than it was historically”.

Last week, SkyCity said revenue for the year ended June 30, 2024, was up 0.3% to

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Hamish McNicol Mon, 26 Aug 2024
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
SkyCity returns now structurally lower than historically: Forbar
Investment,
105532
true