Sky City Entertainment Group has had a very patchy last 7 years, and as a medium sized shareholder
of the company I have obviously followed the fortunes, and mis-fortunes
of a company that has; had huge financial write-offs due to overpaying
for assets, flagging or stagnant profits, massive debts, a regulatory
regime that has been deleterious to say the least and a former CEO in
Evan Davies that has been over his head when it comes to operating a
casino business in a sustainable and competent way.
Enter Nigel Morrision in March 2008,
hired for his experience in casino "turn-arounds", most notably the
Crown Casino by the Yarra River in Melbourne and he has had an impact
almost immediately.
It is a positive impact to say the least.
Visit Share Investor Blog for the rest of this article and a Q & A with Nigel Morrison, Sky City Entertainment CEO.c Share Investor 2009