Leadership of SkyCity Entertainment Group, one of New Zealand’s biggest gaming groups, has stated that market conditions have continued to deteriorate for the company over recent months. The firm issued a brief trading update this week revealing that expected EBITDA for FY2025 will fall 4% from its guidance range of between $225m-$245m. This has been attributed to lower visitation and …
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Entain not fazed yet by prospective New Zealand open casino market
Entain has told SBC News that it ‘generally’ supports the forthcoming expansion of New Zealand’s online casino market, but local reports suggest that market incumbents have some doubts. New Zealand looks set to significantly expand its online casino market, with plans to issue 15 three-year licences by early 2026. This has got some of the local firms with a strong …
Read More »Michael Ahearne steps down from GiG board to focus on SkyCity CEO duties
Gaming Innovation Group (GiG) has confirmed a change in its Board of Directors, as Michael Ahearne steps down from his position to refocus on other projects. Ahearne is CEO of SkyCity Entertainment Group, and became part of GiG’s board on 1 April 2022 following the latter’s acquisition of Sportnco Gaming SAS. To support the takeover, SkyCity invested €25m in GiG …
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