SkyCity<\/em><\/strong> immediately closed all it\u2019s New Zealand casino and entertainment facilities in Auckland, Hamilton, and Queenstown. Its Auckland hotels will remain open temporarily to accommodate guests currently staying in-house.<\/p>\n\n\n\nShares in SkyCity, New Zealand\u2019s only listed casino operator, have now fallen to $1.59, its lowest point in two years, with Air New Zealand emerging from its trading yesterday at $1.54, also its lowest point.<\/p>\n\n\n\n
New Zealand is trying to avoid the spreading of the COVID-19. Last week, authorities closed its borders with the exception of partners and children of New Zealand citizens or residents. According to Asian Gaming Brief, the government has also announced further assistance to businesses with wage subsidies now covering all businesses and that officials are working with banks to develop a loan guarantee scheme. The Reserve Bank is started a major program of quantitative easing to ensure that there is plenty of credit available.<\/p>\n","protected":false},"excerpt":{"rendered":"
The national government raised the alert level from two to four<\/p>\n","protected":false},"author":2,"featured_media":4824,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The New Zealand government has elevated its COVID-19 alert level to four, mandating the closure of all non-essential businesses, including land-based casinos, from Wednesday midnight. This directive led to the immediate cessation of operations for SkyCity's New Zealand facilities, causing a significant decline in its share price. Concurrently, the government announced comprehensive economic support measures, including wage subsidies, loan guarantee schemes, and quantitative easing by the Reserve Bank, to mitigate the economic impact.","focusai_entities":"SkyCity, Air New Zealand, Asian Gaming Brief, Reserve Bank","focusai_location":"New Zealand, Auckland, Hamilton, Queenstown","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.75), operator_casino (0.98), payments_fraud_aml (0.7), investor_analyst (0.97), supplier_vendor (0.8), journalist_researcher (0.92)","focusai_suggestions":[{"label":"SkyCity GGR Impact?","query":"What is the projected Gross Gaming Revenue (GGR) impact for SkyCity's current fiscal year given the mandated operational closures?"},{"label":"Operator Liquidity Post-Stimulus?","query":"How will the New Zealand government's economic stimulus package, including wage subsidies and loan guarantees, influence the capital structure and liquidity of affected gaming operators?"}],"footnotes":""},"categories":[160,16336,28,158],"tags":[29,7299,338],"class_list":["post-4787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-australasia-news","category-casino-news","category-slider-home","tag-casino","tag-coronavirus","tag-new-zealand"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4787","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=4787"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4787\/revisions"}],"predecessor-version":[{"id":777008567,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4787\/revisions\/777008567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4824"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}