NZ's SkyCity rises after mulling sale options for Adelaide business

By Reuters News

** Shares of New Zealand's SkyCity Entertainment SKC.NZ rise as much as 4.7% to NZ$0.675, their biggest intraday pct gain since August 25

** The casino operator says it's currently reviewing options for formal sale process of its Adelaide business

** The firm adds that as part of an operational restructuring, it will cut over 200 jobs in New Zealand, targeting cost savings of NZ$30 million in FY27 and NZ$70 million ($39.5 million) in FY28

** YTD, stock down 25%

($1 = 1.7724 New Zealand dollars)

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