SkyCity makes $143.3m reported net loss
Soft economy, cost-of-living pressures here and in Australia and regulatory issues cited.
AdvertisementAdvertise with NZME.
Latest from Australia Business
Fletcher Building gives warning on 2025 'challenging' year
'We expect it will take time to see the flow-through to consenting and actual work.'
$227m loss: Fletcher delivers disappointing result
Losses from Higgins, intense competition, poor trading conditions feature in huge loss.
Andrew Reding appointed Fletcher Building chief executive
He has held roles at Graeme Hart's Rank Group in the US.
Pink filled hotels - now Eden Park wants to double concert events
'Having a performer of this calibre play at Eden Park was a huge win for Auckland.'
Sold for A$170m: Fletcher's Australian plumbing business Tradelink
A$10m of the deal has been deferred and might not be paid till 2026, company says.
Fletcher's Iplex: leaky pipe class action launched in Australia
Around 30,000 homes in Perth are thought to be involved.
Ryman reviewing new residents' fixed weekly fees: 'Quite a financial drag'
'The fixed fee has hurt us. No one expected rates to go up 15% per annum."
First liquidator's report out on Actura NZ: debts of $3.6m listed
Director blamed the pandemic as well as a failure to secure urgent funding to keep going.
'No card, no play': SkyCity to bring new cards to NZ, Adelaide next year
Casino cards are on the way - but how might they work to stop problem gamblers?
Property Insider: New SkyCity CEO starts; NZ’s highest outdoor office garden
Michael Ahearne has gone. Now ex-army officer Jason Walbridge has returned from Las Vegas.
Why giant American investor wants to take over Arvida Group for $2b
Sector penalised by rapid increases in interest rates in the past 12 to 18 months - Solly.
'Gutted': SkyCity chief on five-day shutdown
'We failed with this customer and for that we are deeply sorry.'
SkyCity casino to shut for five days, licence suspended temporarily
Failures spanned five years from February 2018 until March 2023.
Property Insider: How to still get $10k off a new house; apartment prices cut by 25%
One company is offering eligible buyers money for deposits so they can afford a house.
Giant new 1.7ha warehouse: Cotton On expands in NZ
Originally opened here in 2006. Now has 1000-plus staff in around 100 stores in NZ.
New house at Gibbs Farm sculpture park on NZ's Best Homes with Phil Spencer
'Leveraging our innovative reputation in the pursuit of creating remarkable homes'.
How much Japanese-owned top 10 commercial builder made from NZ in latest year
First job: A landmark 57-level luxury tower between Commerce and Gore streets.
Property Insider: Insolvent modular apartment-builder owes $51.7m
A modular housing project has a big financial fallout, liquidators picking up the pieces.
New Zealand’s 10 busiest builders
Winners of highest value of construction projects in 2023: BCI Central names top 10 in NZ.
Property Insider: Graeme Hart’s businesses move; why sell a valuable Pak’nSave?
Graeme Hart companies are doing a switcheroo: moving from one building to another.
Crossing the bridge: One NZ leaving North Shore for new $550m site
Big move is expected to occur next November when 1200 staff are due to shift.
Countdown overhaul: 'Dark store' and EV chargers in new Woolworths empire
'Dark store' and direct-to-boot offerings as well as EV chargers feature in overhauls.
Property Insider: NZ tops OECD rent chart; tenancy law change coming
At least we got more rental properties since an 'upzoning' overhaul.
'Crude attempt' - Fletcher v Australian builder on leaky pipe problem
'Negotiations over the Perth pipe problems are confidential and have not yet concluded.'
Competition head-on: NZ's biggest new Pak'nSave rising beside rival Woolworths
Newcomer makes a bold challenge, developing giant store right next door.
'Helping increase supply' - Luxon to Kiwi Property at build-to-rent Resido opening
Changes will allow foreigners to buy build-to-rent land here.
Watch: First look inside $250m 41-level Hotel Indigo Auckland and apartments above
The theme of the rooms is modelled on classic motoring - upholstery and art reflect that.
SkyCity shares tumble on suspended dividend, profit downgrade
Casino company cites the “challenging” economy and problems in Adelaide.
Precinct Properties' $300m-plus Auckland splurge
Plans for 350 apartments at Downtown Carpark, a further 500 on Queen St, more in Mt Eden.
Watch: Apartment specialist opening hub to show revolutionary building methods
Simplicity Living says it is 'a faster, better, cheaper way to build'.
Property Insider: Victoria Lane developer's success; when will Kiwi start New Lynn build-to-rent?
'Bigger is uglier and harder, not better when it comes to construction' – Richard Kroon.
Cocktail of trouble: How food packaging business failed
A big change aimed at boosting profits ended up backfiring.
Upmarket retirement operator Oceania Healthcare pushes up profit and assets
Lucrative care suites help drive up profit.