SkyCity Adelaide in temporary closure due to Covid-19

SkyCity will temporarily close its Adelaide venue due to a snap four-day lockdown following three new cases of Covid-19.

Australia.- SkyCity Entertainment Group Limited has announced that its Adelaide casino will remain closed until at least July 23 following new countermeasures imposed by the government.

Authorities in South Australia have announced a range of new statewide Level 4 Covid-19 restrictions after three new Covid-19 were detected in the community.

Through a company announcement, SkyCity said it will remain open to hotel guests currently staying in-house, pending further advice from the South Australian Government. It said that appropriate physical distancing and hygiene requirements will be implemented at the hotel.

SkyCity will release its FY2021 result on August 25. It expects to report normalised net operating profit after tax (NPAT) of between AU$84m and AU$88m and normalised EBITDA of between AU$247m and AU$253m.

Although the company continues to struggle with the lack of foreign tourists due to Covid-19 countermeasures, SkyCity has benefitted from domestic tourism, particularly on the weekend and holidays.

SkyCity is one of the casino operators being investigated by the AUSTRAC due to potential non-compliance with AML rules.