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SkyCity shares drop following gambling licence suspension threat

Author
Newstalk ZB,
Publish Date
Wed, 6 Sep 2023, 8:02pm
 (Photo / Getty Images)
(Photo / Getty Images)

SkyCity shares drop following gambling licence suspension threat

Author
Newstalk ZB,
Publish Date
Wed, 6 Sep 2023, 8:02pm

A drop in share prices for Sky City - over the possibility its casino license could be suspended for up to 10 days.

The Department of Internal Affairs has applied for a temporary suspension from the Gambling Commission after it accused the operator of not complying with Host Responsibility rules.

Milford Asset Management's Jeremy Hutton says the stock price dropped 13 percent on Monday, prompting concerns.

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