{"id":30748,"date":"2022-06-14T03:22:22","date_gmt":"2022-06-14T06:22:22","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=30748"},"modified":"2026-04-23T07:49:22","modified_gmt":"2026-04-23T10:49:22","slug":"skycity-provides-earnings-guidance-for-fy22","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/skycity-provides-earnings-guidance-for-fy22","title":{"rendered":"SkyCity provides earnings guidance for FY22"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">SkyCity says it has seen a strong performance from its local gaming businesses in New Zealand following a relaxation of Covid-19 operating restrictions.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">New Zealand.- SkyCity has finally provided earnings guidance for the financial year ending June 30. It said it was now in a position to do so following stronger-than-expected trading and increased certainty around its full-year results.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The casino operator will release its FY22 result on August 25.\u00a0It expects normalised earnings before interest, taxes, depreciation and amortization (EBITDA) of <strong>between AU$135m to AU$140m<\/strong>. It said it expects group normalised net profit after tax (NPAT) of between AU$3.5m to AU$7m.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company said <strong>it has seen a strong performance from its local gaming businesses<\/strong>\u00a0while its non-gaming businesses continue to recover, benefiting from positive domestic tourism, particularly during the weekend and holiday periods.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Casinos started to\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/skycity-allowed-to-operate-without-covid-19-restrictions\" target=\"_blank\">operate with no capacity limits<\/a>\u00a0or physical distancing requirements on April 14 after authorities in New Zealand dropped the country\u2019s Covid-19 alert level to \u201cOrange\u201d under its Covid-19 Protection Framework.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SkyCity\u2019s chief operating officer,\u00a0<strong>Callum Mallet<\/strong>, said at the time that the company expected to hire \u201chundreds of staff\u201d as New Zealand prepared to\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/new-zealand-to-reopen-borders-from-april-2022\" target=\"_blank\">reopen its borders for fully vaccinated foreign visitors<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SkyCity says it has seen a strong performance from its local gaming businesses in New Zealand following a relaxation of Covid-19 operating restrictions.<\/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 has issued FY22 earnings guidance, projecting normalised EBITDA of AU$135m-AU$140m and NPAT of AU$3.5m-AU$7m, primarily driven by robust performance in its New Zealand gaming operations. This positive outlook follows the relaxation of Covid-19 operating restrictions and a recovery in non-gaming segments, benefiting from domestic tourism. The company is scheduled to release its full FY22 results on August 25.","focusai_entities":"SkyCity, Callum Mallet","focusai_location":"New Zealand","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"FY22 Guidance Breakdown","query":"What specific gaming verticals or non-gaming segments contributed most significantly to SkyCity's normalised EBITDA and NPAT guidance for FY22, and how does this compare to pre-pandemic performance?"},{"label":"Regulatory Impact Assessment","query":"Beyond the relaxation of Covid-19 restrictions, what other regulatory or governance framework changes in New Zealand could further impact SkyCity's operational leverage and market expansion strategies?"}],"footnotes":""},"categories":[16336,157,158],"tags":[1137],"class_list":["post-30748","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-business-news","category-slider-home","tag-skycity"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30748","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=30748"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30748\/revisions"}],"predecessor-version":[{"id":30772,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30748\/revisions\/30772"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=30748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}