Jason Walbridge: SkyCity CEO on the company's 42 percent profit drop
Heather du Plessis-Allan Drive · Newstalk ZB
August 21, 20255m 58s
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Show Notes
SkyCity is pushing forward with a new capital raise, after confirming a significant drop in profit.
Underlying profit's plummeted 42 percent, according to new reports.
Costs have also been rising, particularly for regulatory compliance, online gaming, and the soon-to-open Auckland convention centre.
SkyCity CEO Jason Walbridge says he believes they're acting in the best interests of the company - despite the concerns.
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Topics
businessSkyCityprofitseconomy