Morningstar - SKYCITY Entertainment Group Limited (SKC) SkyCity Entertainmentâ€™s FVE Lowered on Disappointing First Quarter Trading Update

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Morningstar

Ravi Reddy

EUR 147.86 For Business Accounts Only

SkyCity Entertainmentâ€™s FVE Lowered on Disappointing First Quarter Trading Update

Narrow moat-rated SkyCity Entertainment Groupâ€™s first-quarter fiscal 2017 trading was weak with normalised group revenue down 5.7% to NZD 262 million. The first quarter cycled against strong comparable growth where normalised group revenue increased 11.1% during the first four months of fiscal 2016. Still, it was a lower-than-expected outcome and the key drivers were weaker Auckland gaming activity, a significant drop in VIP turnover, a continuation of difficult trading conditions in Darwin and ...

21/10/2016 14 EN

Underlying

SKYCITY Entertainment Group Limited

Sky City Entertainment Group and its subsidiaries are organised into the following main operating segments: SKYCITY Auckland, which includes casino operations, hotels and convention, food and beverage, carparking, Sky Tower and a number of other related activities; Rest of New Zealand, which includes the Group's interest in SKYCITY Hamilton, SKYCITY Queenstown Casino and SKYCITY Wharf; SKYCITY Adelaide, which includes casino operations and food and beverage; SKYCITY Darwin, which includes casino operations, food and beverage and hotel; as well as International Business, which includes commission and complimentary play.

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NZSKCE0001S2 NZX New Zealand

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Ravi Reddy

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SkyCity Entertainmentâ€™s FVE Lowered on Disappointing First Quarter Trading Update

SkyCity Entertainment Group Limited: 1 director

SKY CITY ENTER sees an upgrade to Slightly Positive due to a better fundamental star rating

SKY CITY ENTER reduced its risk exposure resulting in an upgrade to Slightly Positive

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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