SkyCity requests immediate trading halt
Company preparing material announcement in coming days.
Key points:
– SkyCity has requested an immediate trading halt on its ordinary shares and corporate bonds under ASX and NZX rules
– The halt allows the company to finalise details of a potential capital raise alongside its FY25 results
SkyCity has confirmed it has requested a trading halt on its ordinary shares and corporate bonds.
The request has been made under ASX Listing Rule 17.1 and NZX Listing Rule 9.9.1(a). It is intended to support an orderly market while the company prepares a material announcement.
SkyCity stated the announcement is expected to address both a proposed capital raise and the release of its financial results for the year ended 30 June 2025.
In FY24, SkyCity reported revenue up 0.3 per cent, while the net loss reached NZ$143.3m, partly due to impairment of SkyCity Adelaide assets and tax adjustments.
More recently, SkyCity updated its FY25 guidance, forecasting EBITDA down 4 per cent, citing continued market deterioration following its H1 25 report.
The company acknowledged recent media reports regarding a potential capital raise but said no final decision has yet been taken. Details are still being determined and an announcement cannot currently be made.
Good to know: SkyCity operates integrated entertainment and hospitality venues in New Zealand and Australia
The trading halt is intended to last one trading day, until the opening of trading on the NZX on 21 August 2025.
SkyCity also noted that, should a capital raise proceed, a further one-day trading halt may be requested to allow for completion of the institutional components of the raise.
The company added that the FY25 Results remain consistent with the updated full-year earnings guidance released on 6 May 2025.
This follows SkyCity’s launch of a new loyalty experience in New Zealand, offering unified access and carded play across its properties.
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