I believe you have gotten the FY24 update and FY25 forecasts confused.
All SKC have done is reiterated their earnings update from 06 of June.
Underlying Group EBITDA for FY24 of between $280 million and $285 million and underlying Group NPAT for FY24 of between $120 million and $125 million
Underlying Group EBITDA for FY25 to be between $250 million and $270 million.
so going forward they are going to make less money in yr25
so going forward they are going to make less money in yr25
Correct however I imagine that is partly because they will need to absorb higher than usual opex for the NZICC without significant revenue to cover the expense in the first year of operations.
Correct however I imagine that is partly because they will need to absorb higher than usual opex for the NZICC without significant revenue to cover the expense in the first year of operations.
be the same with the convention centre. The return of GDP growth might help absorb the costs quicker. probably a yr26 + story considering the lag of int rate effect.
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.
Instant success is a curse and a gift. The curse is you think luck is skill. The gift is you know it can be done. Then it’s a race to turn luck into skill before you lose it all.
This has been known for a while. $5m hit is fine.
One more shoe to drop on the Adelaide casino review...
oh i thought it was another lol
Instant success is a curse and a gift. The curse is you think luck is skill. The gift is you know it can be done. Then it’s a race to turn luck into skill before you lose it all.
Originally Posted by buy_high_sell_lo
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