New Zealand's SkyCity gains on positive review for Adelaide casino licence

Skycity Entertainment

12/08/2025 06:05

** Shares of SkyCity Entertainment Group SKC.NZ up 4.1% at NZ$1.01, set for their strongest trading session since late July, if gains hold

** Casino operator acknowledges final report released by the Commissioner for Liquor and Gambling in South Australia

** Report sets out findings of independent review into SkyCity Adelaide to continue holding licence for co's Adelaide casino operations

** Says report concludes SkyCity Adelaide is suitable to hold casino licence, co also suitable to be a close associate of SkyCity Adelaide

** More than 1 million shares change hands vs 30-day avg volume of 645,000 shares

** Stock down 30.3% YTD, including the day's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))