Brief: Skycity Entertainment To Close Auckland Casino For Five Days

Skycity Entertainment

17/07/2024 21:33

July 18 (Reuters) - Skycity Entertainment Group Ltd
 SKC.NZ :
    * AGREEMENT REACHED TO SETTLE SUSPENSION APPLICATION WITH
CLOSURE
OF SKYCITY AUCKLAND CASINO FOR FIVE DAYS
    * SKYCITY CASINO MANAGEMENT REACHED AN AGREEMENT WITH
SECRETARY
FOR INTERNAL AFFAIRS
    * AGREEMENT TO RESOLVE SECRETARY'S APPLICATION TO
TEMPORARILY
SUSPEND SCML'S CASINO OPERATOR'S LICENCE
    * SCML AGREED TO CLOSE GAMBLING AREA OF SKYCITY AUCKLAND
CASINO
FOR FIVE CONSECUTIVE DAYS IN 2024
    * AGREEMENT IS CONDITIONAL ON GAMBLING COMMISSION CONSENTING
TO
WITHDRAWAL OF APPLICATION BY SECRETARY
    * EXPECTED THAT IMPACT OF A FIVE-DAY CLOSURE ON SKYCITY'S
UNDERLYING GROUP EBITDA IN FY25 WILL BE AROUND NZ$5 MILLION
    * EXPECTS UNDERLYING GROUP EBITDA FOR FY25 TO BE BETWEEN
NZ$245
MILLION AND NZ$265 MILLION

Further company coverage:  SKC.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))