SkyCity dips by 0.3 per cent over the course of the last year

Operator says it is becoming a simpler, smarter, and more connected business

New Zealand operator SkyCity saw its revenue dip only slightly over the last year, coming in at $822.7m, down 0.3 per cent due to the introduction of carded play and reduced customer visitation.

Spending in the fourth quarter in Auckland and Adelaide was partially offset by higher non-gaming revenue, including a contribution from the New Zealand International Convention Centre in the second half of the year following its opening. The NZICC officially opened on 11 February 2026 and hosted 141 events in FY26, with approximately 100,000 visitations and positive reviews of the centre. The venue has a strong pipeline of events for 2027, with approximately 350,000 visitations, including several large international conferences.

SkyCity Chief Executive Officer Jason Walbridge said the business made important progress in strengthening its core operations and meeting the commitments to shareholders at the time of the August 2025 capital raise, while navigating a difficult operating environment, particularly in the latter part of the financial year.

“In FY26 , we implemented carded play across our New Zealand casinos, opened the NZICC, advanced our asset monetisation, exceeded our cost-out targets, continued preparing for the regulated New Zealand online gambling market, and settled in principle the outstanding major regulatory issues in Adelaide .”

“Our underlying results met the guidance given in May, which recognised that consumer discretionary spending was weaker in the last quarter of the year. We are becoming a simpler, smarter, and more connected business, actioning further savings to deliver annualised benefits of $30m in FY27 and growing to total benefits of $70m in FY28. This is a strategic response to our evolving operating environment and the future direction of our business, including the regulation of online gambling.”

“The rollout of carded play across our New Zealand casinos is complete, and the financial impact is in line with our guidance. We also launched our rebranded loyalty programme, SHOW by SkyCity,” said Walbridge. “Carded Play has significantly improved SkyCity’s visibility into individual customer
activity across its New Zealand casinos and enhanced our host responsibility capability.”