SkyCity takes Adelaide Casino off market – ISA-GUIDE.de

SkyCity takes Adelaide Casino off market

The company that owns Adelaide’s casino has taken it off the market.

SkyCity had invited offers for the casino but now says it will be retained, in the best interests of shareholders.

In its half-year results, total revenue at the Adelaide Casino was down 2 per cent, to AUD 62.5 million.

The company says smoking bans introduced late last year had an impact, with revenue for November and December down 8 per cent.

SkyCity’s overall half-year profit was AUD 1.1 million, down 97 per cent after a AUD 60 million writedown of its cinema business.