NZ's SkyCity rises after mulling sale options for Adelaide business

SkyCity Entertainment

29/09/2026 23:23

** Shares of New Zealand's SkyCity Entertainment SKC.NZ rise as much as 4.7% to NZ$0.675, their biggest intraday pct gain since August 25
** The casino operator says it's currently reviewing options for formal sale process of its Adelaide business
** The firm adds that as part of an operational restructuring, it will cut over 200 jobs in New Zealand, targeting cost savings of NZ$30 million in FY27 and NZ$70 million ($39.5 million) in FY28
** YTD, stock down 25%
($1 = 1.7724 New Zealand dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))