Forsyth Barr says market may welcome SkyCity Adelaide casino divestment
Forsyth Barr said SkyCity Entertainment is right to review putting its Adelaide casino precinct up for divestment, adding its Adelaide has delivered A$420 million of cumulative net cash losses over 25 years.
SkyCity Entertainment is right to put its casino precinct in Adelaide under review, signals Forsyth Barr. "We think the divestment of Adelaide would be taken well by the market considering we calculate it has delivered A$420 million of cumulative net cash losses for SkyCity through its 25 years of…