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Sky City Tops Corporate Value List

5 Oct 2004

NEW ZEALAND – As reported by the New Zealand Herald: "Casino operator Sky City Entertainment has come out on top of a PricewaterhouseCoopers corporate value report of New Zealand's top 70 listed companies.

"…PricewaterhouseCoopers corporate finance partner David Bridgman said Sky City was noted for its ability to post consistent, strong profits in a regulated industry, low risk of failure and "very high" intangible value compared to its net asset value indicating market confidence in the company's ability to continue generating solid profits.

"…It is the third year PricewaterhouseCoopers has compiled the report but the first time it has publicly released the results. The company said 90 per cent of companies surveyed this year posted positive returns, up from 80 per cent last year…"

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