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SkyCity Entertainment Group (ASX: SKC | NZX: SKC) has announced a the group expects to see a EBITDA fall around 4% to $245 million.
CEO Jason Walbridge says: “The difficult market conditions that businesses like ours – which are reliant on discretionary consumer spending – continue to have a significant impact on both our revenue and earning”
The SkyCity group owns five casinos in Australia and New Zealand: SkyCity Auckland, SkyCity Hamilton, SkyCity Queenstown, SkyCity Wharf Casino and SkyCity Adelaide.
Walbridge continues with “Notwithstanding these challenging consitions, we remain optimistic that as consumer confidence returns and spend begins to lift, SkyCity is well placed to maximise the opportunities in front of us, like the New Zealand International Convention Centre opening in February 2026”
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