New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>SkyCity (SKC) is likely to report a solid FY23 result on Wednesday, 23 August 2023.</li><li>We expect strong Electronic Gaming Machine (EGM) revenue in New Zealand will have offset the continued sluggish recovery in Adelaide, with table gaming revenue acutely impacted by cashless gaming trials that began in January 2023.</li><li>Our FY23 EBITDA forecast of NZ$309m is towards the top end of SKC's revised guidance range of NZ$300m–NZ$310m. </li></ul>

SkyCity (SKC) is likely to report a solid FY23 result on Wednesday, 23 August 2023.We expect strong Electronic Gaming Machine (EGM) revenue in New Zealand will have offset the continued sluggish recovery in Adelaide, with table gaming revenue acutely impacted by cashless gaming trials that began in January 2023.Our FY23 EBITDA forecast of NZ$309m is towards the top end of SKC's revised guidance range of NZ$300m–NZ$310m. 

SkyCity  - Setting Aside Some Chips — FY23 Preview

Skycity Entertainment

SkyCity - Setting Aside Some Chips — FY23 Preview