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SKYCITY Entertainment Limited (ASX: SKC) is a casino and entertainment provider with complexes in Auckland, Hamilton, Queenstown and Adelaide. At some or all of these locations it also has hotels, restaurants, bars and conference facilities. On the ASX, Skycity’s key peer is Crown Resorts Ltd (ASX: CWN), the casino and gaming operator.
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished down -1.20% to 7,588.20.
Australia’s share market pushed higher on Wednesday, as the big miners tracked iron ore prices higher. At the close the S&P/ASX 200 (INDEXASX: XJO) was up 23.8 points, or 0.3 per cent, to 7,259.1 points, while the broader All Ordinaries (INDEXASX: XAO) index gained 22.7 points, also 0.3 per cent, to 7,469.1.
The local sharemarket started the week strongly, with the All Ordinaries (INDEXASX: XAO) managing a 0.5% gain, and the S&P/ASX200 (INDEXASX: XJO) up 0.6%.
The S&P/ASX 200 (ASX:XJO) strengthened into the close on Monday as the Star Entertainment (ASX:SGR) share price collapsed.
The S&P/ASX 200 (ASX:XJO) finished down 0.1% on Monday, but the Altium Ltd (ASX:ALU) share price and Hansen Tech (ASX:HSN) share price are in focus.
It has been announced by multiple ASX casino businesses that they are being investigated by the regulator AUSTRAC.
Is it time to bet on the SKYCITY Entertainment Group Limited (ASX:SKC) share price after it announced its FY20 result and gave a FY21 update.
New Zealand based SKYCITY Entertainment Group Limited (ASX:SKC) closed almost 2% lower yesterday on the back of a 15% fall in net profit after tax (NPAT).
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.18% at lunch.
