New Zealand's SkyCity Entertainment hits record low after trimming earnings forecast

Skycity Entertainment

06/05/2025 24:18

** Shares of New Zealand-based casino group SkyCity Entertainment Group SKC.NZ fall as much as 6.1% to NZ$1.08, marking a record low

** The New Zealand-based casino group expects FY25 EBITDA to fall to around 4% below the lower end of the forecast range of NZ$225 million ($134.10 million) to NZ$245 million

** SKC reports biggest intraday percentage drop since April 7

** Stock down 25.5% YTD, including moves in the current session

($1 = 1.6779 New Zealand dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))