Lockdowns expected to cut SkyCity earnings by 21%
Only SkyCity's Queenstown casino is operating and Jarden expects lockdowns to continue.
Investment and advisory firm Jarden has sliced its expectations for SkyCity’s 2022 ebitda by $55 million in wake of the ongoing Covid-19 lockdowns.
Jarden previously expected the NZX-listed casino operator to experience operating earnings to the tune of $261m for the 12 months ended June 30,
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