Skycity
Renovations Pays Off
As reported by the Advertiser:
"Skycity Adelaide's $20 million refurbishment
has come up trumps for its New Zealand parent
company which yesterday reported a rise in earnings
from the casino.
"Skycity
Entertainment shares surged 7.9 per cent - up
34c to $4.62 - after managing director Evan
Davies said it was recovering from smoking restrictions
in Adelaide and NZ faster than it had expected.
"…Revenue
from Adelaide rose 18 per cent to $66 million.
Skycity's earnings before interest, tax, depreciation
and amortisation rose 18 per cent to $14 million
- up 226 per cent on the six-month period…"
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