{"id":777019055,"date":"2024-09-16T09:50:22","date_gmt":"2024-09-16T12:50:22","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777019055"},"modified":"2026-04-22T06:05:23","modified_gmt":"2026-04-22T09:05:23","slug":"skycity-adelaide-appoints-avril-baynes-as-managing-director","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/skycity-adelaide-appoints-avril-baynes-as-managing-director","title":{"rendered":"SkyCity Adelaide appoints Avril Baynes as managing director"},"content":{"rendered":"\n

Baynes was named interim chief operating officer Australia in April.<\/p>\n\n\n\n\n\n\n\n

Australia.- SkyCity Entertainment Group <\/strong>has announced that Avril Baynes<\/strong>, interim chief operating officer Australia, has been appointed as managing director Adelaide. Baynes first joined SkyCity in March 2015 as an executive manager at the SkyCity Darwin casino, where she managed various areas such as human resources, food and beverage, and tourism until SkyCity sold its stake in the SkyCity Darwin business in April 2019.<\/p>\n\n\n\n

Baynes came back to SkyCity in November 2023 as the general manager of hospitality at SkyCity Adelaide. She assumed the position of interim chief operating officer Australia in April. She worked at Mindil Beach Casino Resort in Darwin, Australia, from November 2020 to November 2023.<\/p>\n\n\n\n

SkyCity Chief Executive Officer Jason Walbridge<\/a> <\/strong>commented “I\u2019m delighted that Avril has agreed to lead our team in Adelaide on a permanent basis. She has led our uplift activities in Adelaide over the last five months and will continue to prioritise these alongside working closely with our regulators.”<\/p>\n\n\n\n

SkyCity posts full-year net loss of US$88.23m<\/h2>\n\n\n\n

SkyCity Entertainment Group\u00a0<\/strong>has shared its financial results for the fiscal year 2024. The company posted\u00a0a net loss after tax of NZ$143.3m (US$88.3m)<\/strong>\u00a0due to accounting adjustments, including an AU$86.2m (US$57.5m)\u00a0impairment of the SkyCity Adelaide assets and a tax adjustment<\/a>\u00a0of NZ$129.6m (US$78.4m) following changes to New Zealand tax legislation.<\/p>\n\n\n\n

Revenue was up 0.3 per cent year-on-year to NZ$928.5m (US$572m) while earnings before interest, tax, depreciation, and amortisation (EBITDA) fell by 16.7 per cent to NZ$138.2m (US$85.15m). The company attributed the decline to a difficult operating environment and the impact of accounting adjustments.<\/p>\n\n\n\n

Auckland generated 65 per cent of revenue, followed by Adelaide (26 per cent) and Hamilton (7 per cent). Gaming revenue was down 2.9 per cent year-on-year to NZ$727.7m (US$448.34m) while online gaming revenue fell by 39.2 per cent to NZ$9.3m (US$5.73m). The casino operator recorded 7 million visitors its four sites.<\/p>\n","protected":false},"excerpt":{"rendered":"

Baynes was named interim chief operating officer Australia in April.<\/p>\n","protected":false},"author":176,"featured_media":18781,"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 permanently appointed Avril Baynes as Managing Director Adelaide, following her interim COO role, with a mandate to continue uplift activities and regulatory engagement. Concurrently, the company reported a FY2024 net loss of NZ$143.3m, primarily driven by significant accounting adjustments including asset impairment and tax changes, despite a marginal revenue increase and a 16.7% decline in EBITDA.","focusai_entities":"SkyCity Entertainment Group, Avril Baynes, SkyCity Darwin, Mindil Beach Casino Resort, SkyCity Adelaide, Jason Walbridge","focusai_location":"Australia, Adelaide, Darwin, New Zealand, Auckland, Hamilton","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Adelaide Strategy Impact","query":"How will Avril Baynes' permanent appointment and focus on \"uplift activities\" specifically address the AU$86.2m impairment of SkyCity Adelaide assets and improve its contribution to the group's NGR?"},{"label":"Financial Outlook & Adjustments","query":"What specific operational adjustments or strategic initiatives does SkyCity Entertainment Group plan to implement to mitigate the \"difficult operating environment\" and reverse the decline in EBITDA and online gaming revenue, beyond the accounting adjustments?"}],"footnotes":""},"categories":[16336,157],"tags":[24411],"class_list":["post-777019055","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\/777019055","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=777019055"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019055\/revisions"}],"predecessor-version":[{"id":777019088,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019055\/revisions\/777019088"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18781"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777019055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777019055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777019055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}