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Adelaide SkyCity leads pack

28 February 2007

NEW ZEALAND – As reported by the Adelaide Now: "Adelaide SkyCity Casino was a star performer for its New Zealand parent in the December half, improving earnings by $1.8 million despite the Auckland-based company posting a large fall in half-year profit yesterday.

"SkyCity Entertainment's first-half profit fell 23 per cent to $40 million after weaker trading conditions at its Auckland casino.

"The Auckland casino's earnings fell 35 per cent to $58.3 million on a 5 per cent fall in revenue compared with Adelaide's increased earnings to $10 million on 8 per cent stronger revenues for the half.

"…Total gaming revenue at Adelaide's North Terrace casino rose 9.6 per cent to $61.8 million with gaming machines contributing to almost half that revenue, up 4 per cent to $28.7 million.

"Revenue from gaming tables fell 2 per cent to $26.4 million while high-roller gamblers doubled their contribution to $6.7 million…"

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