Tag Archives: skycity entertainment group
- Crown arrests in China cast a shadow on SkyCity FY17 net profit
August 9, 2017
The spectre of Crown Resorts staffers' arrests in China last year continues to haunt New Zealand casino operator SkyCity Entertainment Group. In a regulatory filing, SkyCity reported on Wednesday that its net profit for the 2017 financial year tumbled 69.2 percent to NZD44.9 million (U$32.86 million) compared with NZD145.7 million...
- SkyCity gets go-ahead for $330m upgrade of Adelaide casino
July 26, 2017
Australian and New Zealand casino operator SkyCity Entertainment Group has good news about its Adelaide casino and bad news regarding its Darwin property. On Wednesday, SkyCity announced that it had signed a development agreement with the South Australia government that will allow the company to proceed with a A$330m (US...
- SkyCity staffer’s six-figure pledge to VIP gambler costs him his job
May 16, 2017
A former SkyCity Entertainment Group casino staffer who made six-figure promises to a VIP gambler that the company declined to honor has lost his wrongful termination suit. Longtime SkyCity employee Keith Hayashi was dismissed in May 2016 after the company determined that he’d overstepped his authority in offering rebates to...
- SkyCity finds Chinese VIP gamblers in short supply
February 9, 2017
New Zealand and Australian casino operator SkyCity Entertainment Group posted an 18% rise in its fiscal H1 profits despite a significant downturn in its Asian VIP gambling business. Figures released Wednesday show SkyCity’s revenue falling 5.8% to NZ$533m (US $387.2m) in the six months ending December 31, 2016. Despite the...
- Sun International CEO Leaves Old Job for SKYCITY
November 7, 2016
South Africa-based casino operator Sun International is bidding goodbye to its chief executive officer Graeme Stephens after accepting a job offer at SKYCITY Entertainment Group in New Zealand. CNBC Africa reported that Stephens is set to leave Sun International at the end of April 2017 after his three year stint...
- SkyCity warns of adverse effect from China VIP crackdown, shares tumble
October 20, 2016
New Zealand casino operator SkyCity Entertainment Group’s shares tumbled on Friday over concerns that China’s anti-gambling moves could further depress already depressed VIP gaming revenue. SkyCity issued a “disappointing” fiscal Q1 trading update on Friday, with ‘normalized’ revenue – so named because it smooths out the inherent variance of VIP...
AGTech inks online lottery deal with China’s Alipay
March 24, 2017