SkyCity reports 42% drop in underlying profit and seeks capital

Thursday 21 August 2025 · 3 outlets · 2 reports · updated Thu 21 Aug 2025, 9:35am

In this story SkyCity Entertainment Group, Jason Walbridge

SkyCity Entertainment Group has reported an 11% decrease in revenue and a 42% fall in underlying profit. The company is currently in a trading halt while it undertakes a $240 million capital raising. To address trading conditions, the operator also plans to sell $200 million in assets, including Auckland carparks and 99 Albert Street.

How they headlined it

9:16am

1. NZ HeraldThu 21 Aug 2025, 9:16am

   SkyCity Entertainment Group annual profit drops 42%, seeks $240m, selling $200m assets (opens in new tab)

2. RNZThu 21 Aug 2025, 9:35am

   SkyCity reports 42% drop in underlying profit, fall in revenue (opens in new tab)

   Also on 1News (opens in new tab)