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SkyCity Director Increases Shareholding, Signaling Confidence in Future

Story Highlights
  • SkyCity operates in the entertainment and hospitality industry, focusing on casinos.
  • Director Glenn Stuart Davis increased his SkyCity shares, indicating confidence in the company.
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SkyCity Director Increases Shareholding, Signaling Confidence in Future

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SKYCITY Entertainment Group Limited ( (SKYZF) ) has issued an update.

SkyCity Entertainment Group Limited has disclosed a change in the relevant interests of its director, Glenn Stuart Davis. The disclosure indicates an increase in the number of ordinary shares held by Davis, from 70,000 to 103,432, through Aloren (no 148) Pty Limited as trustee for The Davis Family Trust. This acquisition reflects a significant increase in Davis’s stake in the company, potentially signaling confidence in SkyCity’s future performance and stability, which may have implications for stakeholders and market perception.

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, which include casinos, hotels, and restaurants, catering to both local and international markets.

See more data about SKYZF stock on TipRanks’ Stock Analysis page.

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