WELLINGTON: SkyCity Entertainment Group, New Zealand’s only listed Casino Company, boosted earnings 14 percent in the first four months of its 2016 financial year on improved results from its flagship Auckland businesses and its struggling Adelaide property.
Earnings before interest, tax, depreciation and amortisation rose to $107.2 million in the four months ended October 31, from $94.1 million in the year earlier period, the Auckland-based company said in a statement. Revenue advanced 10 percent to $363.6 million.
SkyCity, which has four casinos in New Zealand and two in Australia, lifted Auckland earnings 14 percent to $89.6 million as revenue rose 6.2 percent to $209.3 million.
Its Adelaide business, which the company singled out as an underperformer last year, improved in the latest period, boosting earnings 77 percent to A$14.7 million as revenue jumped 24 percent to A$70.3 million. Revenue from its international business, the term it uses for ‘high roller’ gamblers, jumped 51 percent.
