The group’s reported revenue was NZD1.1bn ($765m), a 37% decline compared to the previous FY, when revenue was NZD822.3m.
EBITDA was NZD348.3m, a 17% increase compared to NZD297.8m in 2018/2019 FY.
The group’s expenses increased by 48% to NZD776.7m. Normalised net profit after taxes was NZD66.3m, almost a 60% drop from NZD164.6m the previous year.
SkyCity Auckland’s revenue was NZD497.3m, an 18% dip from NZD606.7m. Gaming machines brought in NZD230.8m and table games earned NZD128m.
Revenue in SkyCity Hamilton was NZD58.8m, with the major part of revenue coming from gaming machines with NZD41.4m. Revenue for casinos in Wharf and SkyCity Adelaide also fell as both were closed during Q4.
Rob Campbell, chair for SkyCity Entertainment, stated: "The external events which impacted the year are well-known and the financial performance of the company reflects those events.”
He added the group aims to hold its position across several businesses, with management that’s “fully directed towards efficient completion of committed projects, improving the quality and efficiency of operating our existing facilities, and being well prepared equally to react to further adverse external events and to take any genuine opportunities which arise in the markets where we are present.”
