Sky City Says New Zealand's Budget Tax Changes Will Reduce Annual Profit

Sky City Entertainment Group Ltd., New Zealand’s largest casino operator, said full-year net income excluding a one-time deferred tax adjustment will be between NZ$136 million and NZ$140 million.

The tax adjustment arising from changes in the budget will be NZ$60 million, the Auckland-based company said in a statement. The financial year end June 30.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.