SkyCity says it's been a complex and challenging year
SkyCity says it's been a complex and challenging year
3 September 2020
Net profit is down nearly 60 percent to 66 million dollars for the year to June 30.
Chief Executive Graeme Stephens says they've mitigated the impacts of the convention centre fire and Covid-19.
That includes downsizing the workforce by a quarter, raising capital and restructuring debt.
Stephens says domestic businesses in New Zealand and Adelaide have recovered sooner than anticipated, but the outlook's uncertain.
He says VIP gaming, hotels and restaurants can only fully recover when borders reopen.
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