Listed Australasian casino giant SkyCity Entertainment Group’s underlying profit dropped 8.5 per cent in its latest half-year and appointed Callum Mallett its interim chief executive when Michael Ahearne leaves next month.
The company made $66.5 million underlying net profit after tax for the half-year to December 31, 2023, down from $72.8m on the previously corresponding period.
Total revenue rose from $487m to $490.2m.
An interim dividend of 5.25cps will be paid on March 7.
Reported net profit after tax was down only 1.3 per cent to $22.5m.
The Department of Internal Affairs said this month it would prosecute SkyCity Entertainment Group and SkyCity Casino Management, which holds the licences for the Auckland, Hamilton and Queenstown operations.
The department alleges SkyCity breached the Anti-Money Laundering and Countering Financing of Terrorism Act.
