SkyCity Entertainment Cuts Fiscal 2025 Earnings Guidance

MT Newswires Live

05/06

SkyCity Entertainment Group (NZE:SKC, ASX:SKC) now expects earnings before interest, taxes, depreciation, and amortization for fiscal 2025 to fall to around 4% below the bottom of its current guidance range of NZ$225 million to NZ$245 million due to a continuous deterioration of market conditions, according to a Tuesday filing with the New Zealand and Australian bourses.

The leisure and gaming company said an ongoing decline in spend per visit has made it "difficult" to make forecasts.

"The difficult market conditions that businesses like ours - which are reliant on discretionary spending - are experiencing continue to have a significant impact on both our revenue and earnings," said Chief Executive Jason Walbridge.

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