SkyCity Entertainment Group is closing its Adelaide casino although said that construction work will continue.
The company is also withdrawing its revised profit forecast issued just last week as it was based on the assumption that all SkyCity properties would remain open.
The moves come in the wake of the decision by the Australian government overnight to require the immediate closure of all licensed clubs, pubs, cinemas, casinos, nightclubs, and places of worship.
SkyCity CEO Graeme Stephens said “We respect the Australian Government’s decision to close the Adelaide Casino in order to combat the spread of COVID-19. We are now very focused on addressing the welfare of our 1,000 employees in Adelaide.”
Mr. Stephens said that SkyCity had started consultation with the unions in South Australia and expected to finalize a plan for its employees over the next week.
In New Zealand SkyCity’s properties in Auckland, Hamilton and Queenstown remain open
Currently, the New Zealand Government’s COVID-19 Alert Level is at Level 2 although a number of health groups are calling for it to be raised to Level Four which would mean the closure of all businesses and schools and for all nonessential persons to remain at home
In its statement to the NZX this morning SkyCity says it is preparing for the potential closure of its New Zealand properties should the Government raise the COVID-19 Alert Level. “We are working through what the implications may be for our 4,000 employees in New Zealand,” said Mr. Stephens.