SkyCity Aukland To Reopen Its Doors

Following an upgrade to the country’s coronavirus protocols from the government of New Zealand, SkyCity Entertainment is to restart its Auckland casino and entertainment facilities without restriction today.

Last week, as three new COVID-19 cases were discovered, New Zealand Prime Minister Jacina Ardern ordered the city into lockdown, maintaining the approach demonstrated throughout the pandemic.

Initially, this saw Auckland move into warning level three, also known as ‘restrict,’ in the COVID alert level system of the country, one step away from the highest and tightest measures. The rest of New Zealand went into level two of alert.

The three-day lockdown was immediately imposed on Sunday 14 February from 11:59 pm, with Arden subsequently putting Auckland at alert level two, with the rest of the country falling to the lowest tier, following the timeframe mentioned above.

Loosened restrictions

From midnight on the 22 February, Auckland will now follow the nation into warning level one, specifying that face covers must be worn on all public transport, on domestic flights in New Zealand, and by taxi and ride-share drivers.

This has seen SkyCity confirm that its Auckland property will be able to operate from today without restrictions on mass gatherings and physical distance requirements, with its Hamilton and Queenstown properties operating since February 18, 2021 at alert level one.

Declining financial metrics

Last week, in the midst of a series of declines across key financial metrics for the six months ended December 31, 2020, SkyCity cited continuing COVID-19 instability, as well as the effects of the New Zealand International Convention Centre fire, as major contributing factors.

The lack of international tourism related to its wider business operations is said to have “significantly impacted” the company during the reporting period, while praising the resilience of its local gaming performance.

Revenue dropped 30.7 percent to NZ$ 499.9 million for the H1 2021 period (2020: NZ721.7 million), net profit after tax collapsed 76 percent to NZ$ 78.4 million (2020: $ 328 million), and EBITDA declined 62.5 percent from NZ$ 4075 million to NZ$ 152.6 million.