SkyCity Entertainment Sees Record Profits
Recently updated on January 10th, 2026
New Zealand-based gambling operator, the SkyCity Entertainment Group, has released its financial results for the year. From June 2017 to June 2018, the company has experienced a 10.4% increase in profits after tax. SkyCity Entertainment earned NZ$169.95 million, despite the lowered value of SkyCity Darwin in Australia.
According to the company, SkyCity Auckland earned the most, thanks to high roller gamblers from China. This was after the country cracked down on foreign gambling companies. SkyCity Entertainment currently operates four Kiwi casinos, including venues in Hamilton and their flagship Auckland casino resort.
Both SkyCity Adelaide and SkyCity Auckland were two of the highest earners for the company, followed by SkyCity Hamilton.
SkyCity Entertainment Group on the Rise
While local business from New Zealand has been on a steady rise, the international ventures of SkyCity Entertainment seem to be struggling somewhat. Despite this, the ‘rapid recovery’ of the VIP sector has led the company to record NZ$1.1 billion in overall profit. According to Graeme Stephens, CEO of the SkyCity Entertainment Group, this was partly because of the ‘restructured International business team’.
Following the high-profile arrests of Crown Resorts employees in Macau, many high rollers from mainland China have been looking for new places to gamble. Luckily for the Kiwi firm, many decided to visit New Zealand and SkyCity Auckland. The resort boasts three five star hotels: SkyCity Hotel, SkyCity Grand Hotel and the Horizon Hotel.
Attractions at SkyCity Auckland
Part of the current success of Auckland’s only casino could be the many facilities available to guests. In addition to their gaming floors, the property boasts amazing restaurants, bars and entertainment options. What’s more, SkyCity Entertainment is planning to expand these options in the next few years with a new convention centre.
Keep visiting New Zealand Casinos for more gambling news and exciting changes to the Kiwi gambling industry.
Published by Taralynn
January 10, 2026
Categorie(s): Latest News, New Zealand, North Island, South Island
About the Author
Taralynn Engels is a seasoned casino news writer with a passion for keeping her readers up-to-date with the latest happenings in the gambling industry. With over five years of professional writing experience, Taralynn has developed a deep understanding of the casino industry and a knack for delivering engaging and informative content.
Aside from her in-depth knowledge of the casino industry, Taralynn possesses excellent writing skills that allow her to craft captivating narratives that keep readers hooked until the last word. Her ability to simplify complex concepts and present them in an accessible manner guarantees that her articles are enjoyed by both seasoned casino enthusiasts and newcomers alike.
More Posts from Taralynn.
Related Posts
Published by Taralynn
January 8, 2026
Categorie(s): Latest News, New Zealand, North Island, South Island
Recently updated on January 8th, 2026The Problem Gambling Foundation (PGF) of New Zealand has raised concerns over gambling-related harm associated with reforms to the Racing Industry. When the reforms were announced earlier this year, they were aimed at improving revenue intake. However, the latest plans to regulate the reform could affect at-risk communities negatively. According […]
Published by Mark
April 11, 2026
Categorie(s): Latest News, New Zealand, North Island, South Island
Recently updated on April 11th, 2026James Packer, Crown Resorts owner and businessman, seems to be losing his grip in the gambling industry. Wynn Resorts recently announced that it had pulled out of a deal with Packer’s Crown Resorts. Due to prematurely confirming details of the potential merger and acquisition to the media. Two statements were […]
Published by Taralynn
January 25, 2026
Categorie(s): Big Wins, Bonus Codes, Latest News, New Zealand, North Island, Promotions, South Island
Recently updated on January 25th, 2026Gambling Harm Awareness week, also called ‘Pause the Pokies’, was held in early September. The initiative, headed by the Problem Gambling Foundation (PGF), was meant to raise awareness in New Zealand. However, statistics from Pause the Pokies have revealed a larger problem. In Waiuku specifically, PGF experts have shared shocking […]
Published by Taralynn
January 29, 2026
Categorie(s): Latest News, New Zealand, North Island, South Island
Recently updated on January 29th, 2026There’s been a lot of concern by gambling stakeholders surrounding sportsbook ads featuring soccer players from arguably the most popular league in the world. The latest team in the spotlight is Tottenham Hotspurs. The English team is affiliated with 1XBET. The sportsbook has a multimillion-dollar partnership deal with the London […]
Published by Taralynn
February 2, 2026
Categorie(s): Big Wins, Latest News, New Zealand, North Island, South Island
Recently updated on February 2nd, 2026It’s no secret that lawmakers in the United States are against sports betting and other forms of gambling. For years, it’s been illegal to bet on sports because of the Professional and Amateur Sports Protection Act (PASPA). Now anti-PASPA initiatives, led by the American Gaming Association, are pushing to have […]
