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Allan Gray Reduces Stake in SkyCity Entertainment

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Allan Gray Reduces Stake in SkyCity Entertainment

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An announcement from SKYCITY Entertainment Group Limited ( (SKYZF) ) is now available.

Allan Gray Australia Pty Ltd, as an investment manager for various funds, has disclosed a significant movement in its substantial holding in SkyCity Entertainment Group Limited. The holding has decreased from 14.061% to 12.555%, indicating a reduction in their stake. This change in shareholding could impact the company’s market perception and influence its stock performance, potentially affecting stakeholders’ interests.

More about SKYCITY Entertainment Group Limited

SkyCity Entertainment Group Limited operates in the entertainment and hospitality industry, primarily focusing on casino and gaming services. The company is known for its integrated entertainment complexes, offering a mix of gaming, hotel accommodations, and dining experiences across New Zealand and Australia.

See more insights into SKYZF stock on TipRanks’ Stock Analysis page.

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