Deep-pocketed predator might take a bet on SkyCity

Financial Journalist
Print This Post A A A

Among casino stocks, Crown Resorts and The Star Entertainment Group are the headline acts. Smaller operators such as SkyCity Entertainment Group get less market attention, even though some are turnaround prospects and have takeover potential.

The casino sector has a few tailwinds. The first is the boom in inbound tourism in Australia – a megatrend I have written about several times for The Switzer Report over the past few years. More international visitors mean more casino patrons.

The tourism boom has a long way to run as a further two billion Asians join the middle class by 2030, on OECD forecasts. There were 8.7 million visitor arrivals in the year to October 2017, up 7.1% on the same period a year earlier, Tourism Australia data shows.

Take a free trial to continue reading

Already have an account? Click here to login.

By proceeding you understand and agree to the site's terms and conditions

Also from this edition