so going forward they are going to make less money in yr25
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interesting the star boss saying casino's may not ever return to the boom days. business might end up being more about hotels and restaurants
Gaming no longer ‘glorious part of the business’: Star boss
https://www.afr.com/companies/games-...0240626-p5jozc
bad news down cycle continues
https://www.nzx.com/announcements/434666
Will have a $5m impact to ebitda
SkyCity Entertainment Group Limited (SkyCity) advises that SkyCity Casino Management Limited (SCML) has reached an agreement with the Secretary for Internal Affairs (Secretary) to resolve the Secretary's application to temporarily suspend SCML’s casino operator’s licence (Application). As part of the agreement, SCML has agreed to close the gambling area of the SkyCity Auckland casino for five consecutive days in 2024.
This has been known for a while. $5m hit is fine.
One more shoe to drop on the Adelaide casino review...