SkyCity Maintains Earnings Outlook Amid Market and Regulatory Challenges

SkyCity Entertainment Group Limited (ASX: SKC) affirmed its earnings guidance at its recent AGM, despite facing difficult market conditions and regulatory hurdles. Chair Julian Cook acknowledged the impact on shareholders, noting the ongoing suspension of dividends and the company’s current share price, which stood at $1.39 at the time of writing. Cook expressed the board’s commitment to navigating these challenges, highlighting regulatory improvement programs and the expected long-term growth from the New Zealand International Convention Centre (NZICC). The company remains optimistic about future prospects as it works through these ongoing issues to stabilize and enhance its operational outlook.

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