{"id":2372,"date":"2025-02-01T01:41:32","date_gmt":"2025-01-31T18:41:32","guid":{"rendered":"https:\/\/kaccounting1981.com\/?p=2372"},"modified":"2025-02-01T02:10:17","modified_gmt":"2025-01-31T19:10:17","slug":"launches-or-closures-of-new-casinos-in-the-region-11","status":"publish","type":"post","link":"https:\/\/kaccounting1981.com\/launches-or-closures-of-new-casinos-in-the-region-11\/","title":{"rendered":"Launches or closures of new casinos in the region 19"},"content":{"rendered":"
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The news follows each property’s progress from the drawing board to the golden shovel, topping off ceremony, and grand opening. The closures to the New Zealand-based casino operator\u2019s Auckland, Hamilton and Queenstown casinos came into effect on 17 August. The closures followed New Zealand\u2019s Prime Minister Jacinda Ardern announcing that the country will enter into a nationwide lockdown for the first time since June 2020, after the first reported case of the virus for six months.<\/p>\n
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Reflecting on the SkyCity Auckland five-day closure, the group noted that the impact on underlying group EBITDA in FY25 is expected to be around NZ$5m. As a result, underlying group EBITDA for FY25 is now expected to fall between $245m and $265m. SkyCity\u2019s Adelaide property in Australia will remain open with social distancing and hygiene requirements already implemented. Commenting on the confirmed closure dates, SkyCity CEO Jason Walbridge reiterated that the group accepts its failings. This is expected to hit underlying group EBITDA in SkyCity\u2019s FY2025 earnings, with a total loss of approximately NZ$5.0m (\u00a32.3m\/\u20ac2.8m\/$3.0m). The operator has also forecasted an impact of approximately NZ$5m on its underlying group EBITDA in FY25 following the temporary closure.<\/p>\n