SkyCity's Profit Warning Driven by Factors Beyond Its Control -- Market Talk

Dow Jones

May 05

2353 GMT - SkyCity Entertainment's profit warning disappoints its bull at Forsyth Barr, but it appears largely driven by factors beyond the casino operator's control. Analyst Paul Laxton Koraua highlights that factors within SkyCity's control, such as cost-cutting and asset sales, look to be tracking well. SkyCity now expects its FY 2026 underlying Ebitda to be between NZ$180 million and NZ$190 million. That's 8% lower than prior guidance at the midpoint of the range. It reflects lower visitation and average spend at its Auckland and Adelaide casino precincts following the Middle East conflict and rising fuel prices. "We reset our FY 2026 Ebitda estimates to the bottom half of its new guidance range and rebase our FY 2027 forecasts, reflecting SkyCity's weaker earnings run-rate," Forsyth Barr says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 04, 2026 19:53 ET (23:53 GMT)

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Analyst Paul Laxton Koraua highlights that factors within SkyCity's control, such as cost-cutting and asset sales, look to be tracking well. SkyCity now expects its FY 2026 underlying Ebitda to be between NZ$180 million and NZ$190 million. That's 8% lower than prior guidance at the midpoint of the range. It reflects lower visitation and average spend at its Auckland and Adelaide casino precincts following the Middle East conflict and rising fuel prices. \"We reset our FY 2026 Ebitda estimates to the bottom half of its new guidance range and rebase our FY 2027 forecasts, reflecting SkyCity's weaker earnings run-rate,\" Forsyth Barr says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 04, 2026 19:53 ET (23:53 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SkyCity's Profit Warning Driven by Factors Beyond Its Control -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSkyCity's Profit Warning Driven by Factors Beyond Its Control -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-05 07:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2353 GMT - <a href=\"https://laohu8.com/S/SKC.AU\">SkyCity Entertainment</a>'s profit warning disappoints its bull at Forsyth Barr, but it appears largely driven by factors beyond the casino operator's control. Analyst Paul Laxton Koraua highlights that factors within SkyCity's control, such as cost-cutting and asset sales, look to be tracking well. SkyCity now expects its FY 2026 underlying Ebitda to be between NZ$180 million and NZ$190 million. That's 8% lower than prior guidance at the midpoint of the range. It reflects lower visitation and average spend at its Auckland and Adelaide casino precincts following the Middle East conflict and rising fuel prices. \"We reset our FY 2026 Ebitda estimates to the bottom half of its new guidance range and rebase our FY 2027 forecasts, reflecting SkyCity's weaker earnings run-rate,\" Forsyth Barr says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 04, 2026 19:53 ET (23:53 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK8036","symbol_name":"赌场与赌博","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2633196748","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633196748","pubTimestamp":1777938780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2353 GMT - SkyCity Entertainment's profit warning disappoints its bull at Forsyth Barr, but it appears largely driven by factors beyond the casino operator's control. Analyst Paul Laxton Koraua highlights that factors within SkyCity's control, such as cost-cutting and asset sales, look to be tracking well. SkyCity now expects its FY 2026 underlying Ebitda to be between NZ$180 million and NZ$190 million. That's 8% lower than prior guidance at the midpoint of the range. It reflects lower visitation and average spend at its Auckland and Adelaide casino precincts following the Middle East conflict and rising fuel prices. \"We reset our FY 2026 Ebitda estimates to the bottom half of its new guidance range and rebase our FY 2027 forecasts, reflecting SkyCity's weaker earnings run-rate,\" Forsyth Barr says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK8036":"赌场与赌博","SKC.AU":"SkyCity Entertainment Group Ltd","BK7078":"赌场与赌博","SKC.NZ":"SkyCity Entertainment Group Limited (NS) Ordinary Shares"},"translate_title":"天空之城的盈利预警是由其无法控制的因素驱动的——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SKC.NZ":0.9,"SKC.AU":0.9},"content_text":"2353 GMT - SkyCity Entertainment's profit warning disappoints its bull at Forsyth Barr, but it appears largely driven by factors beyond the casino operator's control. Analyst Paul Laxton Koraua highlights that factors within SkyCity's control, such as cost-cutting and asset sales, look to be tracking well. SkyCity now expects its FY 2026 underlying Ebitda to be between NZ$180 million and NZ$190 million. That's 8% lower than prior guidance at the midpoint of the range. It reflects lower visitation and average spend at its Auckland and Adelaide casino precincts following the Middle East conflict and rising fuel prices. \"We reset our FY 2026 Ebitda estimates to the bottom half of its new guidance range and rebase our FY 2027 forecasts, reflecting SkyCity's weaker earnings run-rate,\" Forsyth Barr says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 04, 2026 19:53 ET (23:53 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}