net profit of AU$156.1m was down 34 per cent <\/strong>from the previous year.<\/p>\n\n\n\nReported EBITDA was down 8.9 per cent and reported NPAT was down 33.7 per cent versus the prior year.<\/p>\n\n\n\n
The company said it had benefitted from domestic tourism<\/strong>, particularly on the weekend and holidays at its Adelaide, Hamilton, and Queenstown venues. <\/p>\n\n\n\nA strong performance from its gaming businesses<\/strong> in New Zealand has resulted in 45,000 active customers. However, it was affected by a fire at its convention centre construction project<\/strong>.<\/p>\n\n\n\nMichael Ahearne, SkyCity CEO<\/strong>, said the Covid-19 pandemic has impacted the business and operations at each of the company\u2019s properties over fiscal year 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"SkyCity Entertainment Group has reported that its Hamilton venue will remain closed for at least five days amid a new outbreak of Covid-19 cases.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"SkyCity Entertainment Group has temporarily closed its Hamilton and Auckland venues in New Zealand due to new COVID-19 Level 3 restrictions. Concurrently, the company reported mixed FY21 financial results, with normalised profit and EBITDA growth driven by domestic tourism and strong New Zealand gaming performance, despite overall reported profit declines and ongoing pandemic impacts.","focusai_entities":"SkyCity Entertainment Group, SkyCity, Michael Ahearne","focusai_location":"New Zealand, Hamilton, Auckland, Queenstown, Adelaide","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 Outlook","query":"What is SkyCity's projected impact on Q4 FY22 GGR and NGR from the ongoing Hamilton and Auckland closures, and what mitigation strategies are in place?"},{"label":"Online Channel Strategy","query":"How is SkyCity leveraging its SkyCity Online Casino to offset land-based revenue shortfalls, and what is the long-term strategy for its digital gaming vertical?"}],"footnotes":""},"categories":[16336,28,158],"tags":[23907,1137],"class_list":["post-23241","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-casino-news","category-slider-home","tag-land-based-casino","tag-skycity"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=23241"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23241\/revisions"}],"predecessor-version":[{"id":23269,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23241\/revisions\/23269"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=23241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=23241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=23241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}