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· Australia

SkyCity cinemas write down hits profit 

Jump to full article: Australian Broadcasting Corporation (ABC) (au), 2008-08-25

Intro:

The owner of the Adelaide Casino, SkyCity, has reported a fall in annual profit of almost 50 per cent.

Net profit is almost $41 million, dragged down by a multi-million-dollar write down of its cinema business. . . .

The company says smoking bans introduced late last year had a lesser effect on the casino than anticipated.

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