Revenue dropped by 5 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n
New Zealand.- SkyCity Entertainment Group has reported figures for the first half of the fiscal year 2025. It posted revenue of NZ$422m (US$241m), down 5 per cent in year-on-year terms<\/a>. Earnings before interest, tax, depreciation, and amortisation (EBITDA) was down 22 per cent to NZ$113m (US$64.6m) while net profit after tax (NPAT) was down 73.1 per cent year-on-year to NZ$6m (US$3.4m).<\/p>\n\n\n\n The company’s underlying net profit was down 41.5 per cent year-on-year to NZ$37.8m (US$21.6m) mainly due to the settlement with South Australia<\/a> on gaming duty.<\/p>\n\n\n\n The casino operator reported that gaming revenue in Auckland was impacted by the five-day closure of gaming operations, weaker market conditions compared to the prior corresponding period and a change in overall customer mix. This was partially offset by contributions from the Horizon by SkyCity Hotel, carpark income and an increased contribution from the Sky Tower.<\/p>\n\n\n\n Total rooms sold at SkyCity’s hotels rose by 16 per cent, achieving an occupancy rate of 73 per cent, which is four percentage points above the market average. EBITDA for Hamilton and Queenstown was up 5 per cent.<\/p>\n\n\n\n Chief executive officer, Jason Walbridge, said: “We continue to operate in challenging market conditions with subdued consumer confidence, so we\u2019re pleased to see strength in our visitation numbers as people continue to enjoy coming to SkyCity for their entertainment.<\/p>\n\n\n\n “We welcome the government focus on economic growth and tourism we’re seeing on both sides of the Tasman. SkyCity has a big part to play in the tourism sector and we can’t wait to open the New Zealand International Convention Centre (NZICC)<\/a> in February 2026 and welcome visitors to this world-class venue.”<\/p>\n\n\n\n