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The new Zealand casino income appears to be stagnant, with a plateauing of earnings at Auckland but management say that is due to a gaming floor refurbishment interfering with gaming. NM - Experience would recommend gaming machine revenues would decline by 10-15 % following the introduction of smoking bans - early indications are that following the growth and refurbishment of the Darwin casino last 12 months we would anticipate to mitigate this impact. 2004 saw Sky City post a file 1.1 million revenue (before abnormals) on revenues of 0 million and the 2007 12 months saw the company publish a .Four million profit on record income of 8.6 million. I don’t suppose it’s an impressive consequence - and would liked to have seen stronger revenues in Auckland. Ensure you hold cards based on the Video Poker Technique if you happen to don’t want to lose funds rapidly. NM - As I’ve at all times mentioned since my arrival at SKYCITY, I don’t imagine that SKYCITY Cinemas is a core division of our Group. Now we have made some administration modifications that we predict will assist and as a part of that we're welcoming Jane Hastings again to our core management team to run our eating places and bars and leisure and attractions at Auckland, after the good job she has carried out for the last 2 years turning round our cinemas enterprise. NM - We are going to keep near this and open minded - however I can tell every major casino operator in Australia has looked at this and at the end of the day gone again to focusing on their core companies - and most after investing and tearing up some $20m.
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