SKC - Sky City

[Beagle]

Online gambling mate....once u are addicted...u will try anything to gamble

Isn't 7 hours a day 10.00 am to 5.00 p.m. gambling on the NZX enough lol

[Cadalac123]

you know with the border closed, no international visitors or tourists, in a month or two you won’t be able give away SKC. I predict a very very slow recovery as well.

I don’t mean now I mean long term buddy

[King1212]

Isn't 7 hours a day 10.00 am to 5.00 p.m. gambling on the NZX enough lol

NZX is different...not a gambling.....I called it fortune grabbing....

From panic sellers to rational investors.....like some of us... including me��

[trackers]

Okay so no foreign tourists but there's another problem as well. Who in their right mind (apart from hardened addicted gamblers who arguably are not), would want to go to the Casino now ?

I was in Auckland on business this week and put up in the sky city hotels. Airport dead, town dead, everything dead.... sky casino? Pretty bloody busy. Couldn’t believe it. Predominantly Asian, pacific island, and American crowd. ATM had a line each of the times I went past over 2 days

[dubya]

So the Government is banning indoor gatherings of more than 100 people. Workplaces are exempt at this stage.
Does the ban apply to Skycity, or is the casino considered a workplace????

[Harley]

Auckland
• Visitation to the precinct down around 15%
• Electronic gaming machine revenue down 14%
• Domestic table and automated table game revenue down 43%
• Hotel revenue down 19% with average occupancy of 79%
• Food, beverage and conventions revenue down 32%
• Sky Tower revenue down 35%

Not a pretty picture.

Sold out at a loss at $3.17 as I felt it was going below $3, never expected it would go this low.
Intend to buy back but not just yet.

[Beagle]

So the Government is banning indoor gatherings of more than 100 people. Workplaces are exempt at this stage.
Does the ban apply to Skycity, or is the casino considered a workplace????

Now that's a good question !
If Churches of more than 100 regular parishioners have to stop religious meetings then surely on the opposite side of the ledger this den of iniquity must follow suit ?

[Airw0lf]

Now that's a good question !
If Churches of more than 100 regular parishioners have to stop religious meetings then surely on the opposite side of the ledger this den of iniquity must follow suit ?

Damn right it should, especially when you factor in handling of chips, playing cards, etc. It's a virus spreading bonanza.

[Biscuit]

Now that's a good question !
If Churches of more than 100 regular parishioners have to stop religious meetings then surely on the opposite side of the ledger this den of iniquity must follow suit ?

They will simply sub-divide the space to ensure they comply. Generally higher ethical standards than many religious organisations?

[THEONE]

I am suprised this has dropped this much. Surely they easily have enough funds to see out the crisis...Worst case if they shut for 12 months, how much would this cost them? Roughly 2 billion has been shaved off their valuation. Surely shutdown would cost 200 million max for 12 months.
Sorry very rough numbers. The loss would then be able to be used in following years...