Sky City Profit Slides

25 Aug 2004

AUSTRALIA – As reported by the Australian Associated Press: "Casino operator Sky City Entertainment Group has announced a reduced full year net profit of $100.22 million, affected by a write down on its Australian Internet betting investment Canbet.

"A 6.1 per cent rise in the company's operating earnings for the year to $598.66 million was undermined by the $20.1 million Canbet writedown…"

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	Sky City Profit Slides 25 Aug 2004 AUSTRALIA – As reported by the Australian Associated Press: "Casino operator Sky City Entertainment Group has announced a reduced full year net profit of $100.22 million, affected by a write down on its Australian Internet betting investment Canbet. "A 6.1 per cent rise in the company's operating earnings for the year to $598.66 million was undermined by the $20.1 million Canbet writedown…"