{"id":4309,"date":"2021-11-19T09:58:07","date_gmt":"2021-11-19T14:58:07","guid":{"rendered":"https:\/\/bestcasinos.co.nz\/?p=4309"},"modified":"2021-11-22T01:01:25","modified_gmt":"2021-11-22T06:01:25","slug":"igaming-gains-cant-save-skycity-from-h1-lockdown-losses","status":"publish","type":"post","link":"https:\/\/bestcasinos.co.nz\/igaming-gains-cant-save-skycity-from-h1-lockdown-losses\/","title":{"rendered":"iGaming gains can\u2019t save Skycity from H1 lockdown losses"},"content":{"rendered":"
New Zealand casino operator SkyCity Entertainment Group has had a mixed bag of news to report with its flourishing iGaming business contrasting sharply with losses taken over the first half of its financial year as a result of land-based closures.<\/p>\n
The first month of SkyCity\u2019s 2021-22 financial year, July 2021, saw online revenue come in at just below $3 million, a 30% improvement, year-on-year.<\/p>\n
This revenue then increased to $4.0m in August, breaking all previous records, as New Zealand returned to national lockdowns to combat the spread of Covid-19. As a result, SkyCity\u2019s Auckland and Hamilton properties had to close<\/a>, with the casino and entertainment facilities at its Queenstown venue being momentarily restricted.<\/p>\n Online gross revenue experienced even more growth during September, rising to over $5 million thanks to a reported 11\u00a0000 weekly active customers over the month, even though lockdown measures were eased before the end of September. October saw another return to lockdowns and a decrease in revenue to $4.1m.<\/p>\n All of the figures mentioned far exceed pre-pandemic levels. SkyCity\u2019s online casino revenue only reached $500 000 in March 2021, a slow progression for a service that was launched in August 2019.<\/p>\n