Skycity: Casinos Benefiting From Relaxation of Covid-19 Restrictions

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Casino operator Skycity Entertainment Ltd. said its New Zealand and Australian businesses are recovering following the relaxation of Covid-19 restrictions and the opening of borders.

The company on Tuesday said it expects normalized net profit of 3.5 million-7.0 million New Zealand dollars ($2.2 million-$4.4 million) for its financial year ending June 30. Recent trading had been stronger than expected, it said.