SkyCity Entertainment Group Profit Down over 37% in FY26 on Higher Costs and Impact of Carded Play, Middle East Conflict

SkyCity shares on watch as FY26 profit falls but cost-out strategy advances

The casino and resorts operator's profits fell heavily over the 12 months. The post SkyCity shares on watch as FY26 profit falls but cost-out strategy advances appeared first on The Motley Fool Australia.

SkyCity Entertainment Group profit down over 37% in FY26 on higher costs and impact of carded play, Middle East conflict

New Zealand’s SkyCity Entertainment Group reported a 44.2% year-on-year decline in EBITDA to NZ$120.5 million (US$71.5 million) and a 37.6% fall in net profit after tax to NZ$18.2 million (US$10.8 million) in the year ended 30 June 2026, impacted by weaker visitation, the rollout of mandatory carded play across its domestic casinos and higher costs linked to the opening of the New Zealand International Convention Centre (NZICC). Releasing its FY…

SkyCity FY26 EBITDA falls 22% as gaming revenue weakens

SkyCity’s FY26 underlying EBITDA fell 22.3% as weaker gaming revenue and higher costs outweighed growth in non-gaming operations. The post SkyCity FY26 EBITDA falls 22% as gaming revenue weakens first appeared on Asia Gaming News | AGB - Asia Gaming Brief.