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SkyCity Expecting 33% Earnings Increase in 2021

Casino operator SkyCity Entertainment Group recently announced its plans to push up operating earnings and net profit after a 33% rise on last year’s trading. The company, listed on the New Zealand Stock exchange and the Australian financial market, made normalized EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) last year of $200.7m but said that it expects the raise to be from $247m to $253m. That would be up 26 percent if it meets the top of that range.

After-tax, the normalized net profit last year was $66.3m, but analysts and financial experts expect the figures to rise from $84m to $88m. Compared to the June 30th, 2020 result, that would be a potential 33% rise. Regarding local gaming businesses in New Zealand, the company announced a strong performance. This resulted from the December expansion projects at SkyCity Adelaide and the rising popularity of electronic gaming machines. Another contributing factor to the increase is SkyCity Malta, which offers a full suite of casino games, slots, and virtual sports.

International border closures continue to impact SkyCity’s tourism-related businesses in New Zealand and South Australia. This excludes the Trans-Tasman (Australia New Zealand) border, which re-opened on 19 April 2021. The company further reported that weekends and holiday peaks positively impacted domestic tourism. Subject to no property closures before the end of July 2021, the company expects FY21 group normalized EBITDA of between $247m-253m, and FY21 group normalized NPAT (net profit after tax) of between $84m-88m.

SkyCity Online Casino

SkyCity online casino is run by the Gaming Innovation Group (GiG) and holds a Malta Gaming Authority gaming license. When you register at SkyCity, you will open up an extensive world of top titles powered by the best software companies in the industry. Newly registered players can deposit from $10 and collect double their deposit through a 100% Deposit Bonus match, and there are also 70 free spins up for grabs that are entirely free from wagering requirements.

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When it comes to a trustworthy casino backed by sheer convenience, SkyCity online casino is the place to be. There’s no need to drive anywhere, you won’t have to wait in line, and you don’t even have to leave your home, log in with your desktop or iOs and Android device and enjoy flawless gambling. With your mobile device, you can collect the bonuses on offer, deposit through one of the many payment options, access customer service, and play fun-filled pokies and thrilling classic casino games whenever your mood decides.

SkyCity Casino Games

SkyCity Online Casino offers a kaleidoscope of top-quality pokies, jackpot pokies, live casino games, and classic table games such as Poker, Blackjack, and Roulette. Indulge your wildest fantasies on top trending pokies like Play’nGO’s Egyptian-themed Book of the Dead, Microgaming’s fantasy-themed Immortal Romance, and NetEnt’s legendary Starburst. With multiple gaming giants like Play’nGO, NetEnt, Microgaming, and Yggdrasil at the helm, the available pokies are world-class. A worthwhile category to try is SkyCity’s Progressive Jackpot games. Try your luck and spin the reels to well-known titles like Microgaming’s Mega Fortune and MegaMoolah, and you could well be the next SkyCity millionaire.

If you’re more into skill than pure chance, Blackjack and poker are skill-based card games renowned for having a lower house edge. When playing Blackjack and Poker, good gaming strategies will help you profit more in the long run. You can also enjoy classic game variations like Baccarat Squeeze and French Roulette.

With strategy-based table games, players can master the games and use some betting systems and strategies that can quickly and easily be learned online. Single Zero Roulette has a House Edge of 2.70%, and Double Zero Roulette, 5.26%, so browse around the casino and start with a game that gets your online gaming endorphins flowing. The Live Casino offers casino games that you can play at a real casino in real-time. Play games like Lightning Roulette and have the best time of your life. Powered by the award-winning gaming company Evolution Gaming, SkyCity offers cutting-edge titles streamed from an offsite casino studio. At the live casino, players can interact with real dealers from the comfort of their homes. SkyCity online casino also offers various Video Poker games, Scratchcard games, and Virtual Sports games.