Burnett will replace Callum Mallet, who becomes group CEO.<\/p>\n\n\n\n\n\n\n\n
New Zealand.-\u00a0SkyCity Entertainment Group Limited\u00a0has announced through a company filing that Brad Burnett<\/strong> has been appointed as interim chief executive officer for New Zealand, effective from March 9. He will step into the role vacated by Callum Mallet<\/strong>, who will become group chief executive officer, replacing Michael Ahearne<\/strong>.<\/p>\n\n\n\n Burnett is currently SkyCity’s general manager of table games in Auckland, a role he has held since June 2022. Before that, he held various roles, including as group general manager of hotels. The appointment requires regulatory approval.<\/p>\n\n\n\n The casino operator posted\u00a0full-year revenue of NZ$445.2m (US$276m)<\/a>, down 3.7 per cent when\u00a0compared to the previous year<\/a>. Net profit after tax (NPAT) was down 8.5 per cent year-on-year to NZ$66.5m (US$41.23m), while earnings before interest, tax, depreciation, and amortisation (EBITDA) were down 5 per cent year-on-year to NZ$101m (US$62.62m).<\/p>\n","protected":false},"excerpt":{"rendered":" Burnett will replace Callum Mallet, who becomes group CEO.<\/p>\n","protected":false},"author":176,"featured_media":10260,"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 announced Brad Burnett as interim CEO for New Zealand, effective March 9, succeeding Callum Mallet, who transitions to Group CEO, replacing Michael Ahearne. These executive changes follow a reported decline in the casino operator's full-year revenue, NPAT, and EBITDA, with Burnett's appointment pending regulatory approval.","focusai_entities":"Brad Burnett, Callum Mallet, Michael Ahearne, SkyCity Entertainment Group Limited","focusai_location":"New Zealand, Auckland","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Approval Impact","query":"What specific regulatory hurdles or timelines are anticipated for Brad Burnett's interim CEO appointment in New Zealand, and how might this impact SkyCity's operational continuity?"},{"label":"Strategic Direction Post-Change","query":"Given the reported declines in revenue and profitability, what strategic shifts or operational adjustments are expected under the new Group CEO, Callum Mallet, to address market challenges and drive growth?"}],"footnotes":""},"categories":[16336,157],"tags":[24411],"class_list":["post-777013482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-skycity-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013482","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=777013482"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013482\/revisions"}],"predecessor-version":[{"id":777013516,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013482\/revisions\/777013516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10260"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}