New Zealand casino group Sky City has confirmed its profit guidance for the 2008 financial year and said it had halted the possible sale of one its casinos pending the outcome of a takeover process.
The company said it was still comfortable with its previously announced forecast of a net profit of between NZ$108.2m and NZ$110.2m for the year to June 2008, compared with a net profit NZ$98.4m in the previous year.
The Sky City board also announced that the sale process for its Adelaide casino has been put on hold, pending the outcome of takeover approaches, which began last month.
"The company is confident that it has a strong development and recovery plan for Adelaide that underpins the company’s internal view of that business,” the group said in a statement.
