Ongoing investment in SKYCITY Hamilton helps drive record results
The Waikato’s premier entertainment destination, SKYCITY Hamilton, has gone from strength to strength announcing another record financial year, with revenue up more than 10 percent following ongoing investment in its food, beverage and entertainment offering.
The strong trading figures were announced during SKYCITY Entertainment Group’s Annual Results today, with revenue at the Hamilton property up 10.2 percent to $59.4 million and EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) up 15.3 percent to $26.4 million.
Michelle Baillie, SKYCITY Hamilton General Manager, says she is thrilled with the ongoing positive results her team has been delivering.
“At SKYCITY Hamilton we are committed to continually improving our offerings for our customers. This year we have celebrated the opening of a world-class tenpin bowling facility, recently welcomed the addition of locked room escape game Confinement, and made some improvements to our vibrant dining precinct. Couple that with our world-class casino facilities, we feel SKYCITY Hamilton really is living up to its name as the region’s premier entertainment destination, delivering great experiences for our local community and visitors to the Waikato,” says SKYCITY Hamilton General Manager Michelle Baillie.
A number of major investments have been made at the property over the past two to three years, which have led to increased visitation to the property. Major developments kicked off in 2015 with the opening of a new food and beverage precinct boasting five new outlets including popular EAT Burger, The Local Taphouse, the Marble Room, Coffee Post and Spanish tapas restaurant La Parrilla.
A major upgrade was also made to the site’s popular bowling alley, renamed Bowl and Social, which included significant improvements to technology, new bowling lanes, balls and furniture, as well as a full refurbishment of the counter service area and cafe, installation of new flooring and lighting, and new uniforms for staff.
Just last week SKYCITY Hamilton also welcomed the addition of Confinement Escape Rooms to its offering. Previously located in London Street, Confinement is owned and operated by local brother and sister team Alanah and Leighton Bunyard, and requires teamwork to escape uniquely themed locked rooms within a 60 minute countdown period.
“It’s been a very exciting time at SKYCITY Hamilton with so many developments at the property and great service delivered by our team, and we’re really delivering on our promise to be the region’s premier entertainment destination. We’re also continuing to be a supportive member of the Waikato community through sponsorships and contributions from the SKYCITY Hamilton Community Trust. We’re looking forward to another strong year ahead,” says Ms Baillie.
