SkyCity reports 22.3% EBITDA decline to NZ$181.6m for FY26
By The Weekly Edge desk ·
Summary
SkyCity’s underlying EBITDA dropped 22.3% to NZ$181.6m for the year ending 30 June, iGaming Today reported. Gaming revenue decreased 5.9%, while operating expenses increased 8.4%. SkyCity targets NZ$30m in FY27 savings and plans a strategic review of its Adelaide operations in the first half of that financial year.
Why it matters
Falling gaming revenue and rising expenses accompanied lower EBITDA as SkyCity targets savings and plans an Adelaide strategic review.