Cost-of-living crisis hits casino operator SkyCity, hundreds of jobs at risk
New Zealand casino operator SkyCity said it is reviewing its operating model amid sustained pressure on customers' discretionary spending, a process that could put hundreds of jobs at risk.
New Zealand-based casino operator SkyCity said it is reviewing its operating model amid sustained pressure on customers' discretionary spending, with company officials saying the cost-of-living crisis is directly weighing on gaming and entertainment budgets.
The company said the review could lead to a restructuring that puts hundreds of jobs at risk. SkyCity reported a marked slowdown in visitor numbers and gaming revenue over recent quarters.
Analysts say the move reflects broader consumer spending trends across New Zealand. Economists expect households cutting back on discretionary spending to continue putting similar pressure on the entertainment and tourism sectors.
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