SkyCity says its local gaming operations are performing well when open, particularly pokie machines.
SkyCity Entertainment Group’s first-half profit has taken a hit from Covid-19 as border closures and restrictions to control the pandemic hindered trading at its casinos. Net profit fell 76 per cent to $78.4 million in the six months to December 31, the company said on Thursday. Revenue fell 38 per cent to $449.9m. The figures are distorted by insurance the company expects to receive for a 2019 fire at its convention centre, and a settlement with Fletcher Building. The gambling and entertainment company has had to turn its focus to domestic customers after borders were closed to control the pandemic. That dried up funds from lucrative high-rollers and tourists prompting SkyCity to downsize its business, cutting 1000 jobs. Chief executive Michael Ahearne said on Thursday that although the outlook remains uncertain, it has re-hired 150 workers.
Thursday, 18 February 2021, 9:41 am
SkyCity Entertainment Group (SkyCity) has today announced
the appointment of a new Chief Financial
Officer.
Michael Ahearne, CEO SkyCity Entertainment
Group, says he is pleased to announce Ms Julie Amey has been
appointed Chief Financial Officer joining SkyCity from
Shell, Australia.
“Julie is a highly experienced
executive who has worked in senior finance roles with the
Shell Group internationally, and previously held positions
at Fletcher Challenge Energy, BBC Worldwide Publishing and
Deloitte & Touche.”
Ms Amey is a returning New
Zealander and is very excited about the opportunity to move
back to New Zealand with her family.
“I am delighted
SkyCity net profit falls 76%, company blames pandemic and fire nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.