Adelaide casino owner SkyCity Entertainment has taken Macquarie to the Auckland High Court over the termination of a 2019 deal to own and operate car parks at its flagship Auckland casino.
The ASX-listed casino operator cut full-year earnings expectations at an investor day on Wednesday, with a slowdown in revenue from the international business and rising legal and compliance costs related to a crackdown on money laundering weighing on its bottom line.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
