SkyCity’s Chief Executive forecasts job losses if the government declares a total lockdown in the country.<\/p>\n\n\n\n\n\n\n\n
New Zealand.- The closure of casinos could lead to job losses according to SkyCity’s<\/strong><\/em> Chief Executive, Graeme Stephen. <\/p>\n\n\n\n Governments around the world are forcing entertaining and hospitality venues, including casinos, to close as part of efforts to halt the spread of the deadly virus. <\/p>\n\n\n\n This in turn is leading to some operators cutting staff numbers. <\/p>\n\n\n\n Stephen said that SkyCity could not rule out job losses among the firm\u2019s 5,000 strong workforce should similar measures be put in place in New Zealand. <\/p>\n\n\n\n \u201cWe note that in other countries where total lockdowns have taken place, everything closes, so we have to contemplate that. We are not living in that world\u2026 right now, but I think all of us have to plan for the possibility of a total lockdown.\u201d<\/p>\n\n\n\n Visitation to SkyCity\u2019s Auckland property is down 15 per cent for March. Revenues from domestic table and automated table games is down 43 per cent with electronic gaming machine revenue down 14 per cent, the company revealed in a filing to the New Zealand Stock Exchange.<\/p>\n\n\n\n Revenue at its Auckland hotel is down 15 per cent, although occupancy is still good at 79 per cent.<\/p>\n\n\n\n In its other resorts, SkyCity reports that non-gaming revenue in Hamilton is down 12 per cent but there has been no impact on gaming revenue.<\/p>\n\n\n\n Measures being taken by the company to halt the virus include shutting down tables and increasing cleaning routines. The number of people allowed at each table in the casino is also being reduced to five and some machines are being turned off to maintain social distance.<\/p>\n\n\n\n “Our business is similar to a shopping center in that we have a number of smaller venues within a larger precinct”, Stephen said, and added that the company could control how many people were at each venue.<\/p>\n","protected":false},"excerpt":{"rendered":" SkyCity’s Chief Executive forecasts job losses if the government declares a total lockdown in the country.<\/p>\n","protected":false},"author":2,"featured_media":4620,"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's Chief Executive, Graeme Stephen, forecasts potential job losses among its 5,000-strong workforce if New Zealand implements a total lockdown, mirroring global trends impacting the hospitality sector. The company has already reported significant revenue declines in its Auckland operations, including a 43% drop in domestic table and automated table game revenue, and is implementing operational adjustments to mitigate virus spread.","focusai_entities":"SkyCity, Graeme Stephen","focusai_location":"New Zealand, Auckland, Hamilton","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Lockdown Impact Analysis","query":"What specific government support or relief measures are SkyCity and other New Zealand operators lobbying for to mitigate the financial and employment impact of potential total lockdowns?"},{"label":"Revenue Vertical Resilience","query":"How do SkyCity's reported revenue declines across domestic table games, electronic gaming machines, and non-gaming verticals compare to pre-crisis projections, and what is the projected NGR impact under a full lockdown scenario?"}],"footnotes":""},"categories":[160,16336,157,158],"tags":[29,338],"class_list":["post-4598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-australasia-news","category-business-news","category-slider-home","tag-casino","tag-new-zealand"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4598","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=4598"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4598\/revisions"}],"predecessor-version":[{"id":777013987,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4598\/revisions\/777013987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4620"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}