new luxury hotel. In August 2019, SkyCity launched its online gambling website, SkyCity Online Casino. The website is operated by Malta-based Gaming Innovation Group (GiG) on behalf of SkyCity's Maltese subsidiary. SkyCity casinos often depend to a large degree on several hundred high-stakes gamblers, often from East Asia, who may gamble hundreds of thousands of dollars in one visit to a casino. Reported net profit after tax (NPAT) was $128.7 million, with the Group seeing revenue exceeding $1 billion for the first time in the company's history . As a result of the COVID-19 pandemic, SkyCity announced 200 job losses in New Zealand on 3 April 2020, and a further 700 redundancies a month later, on 11 May. In 2020, SkyCity planned to raise new equity of $230 million to strengthen its balance sheet as part of its pandemic recovery plan. Properties The SkyCity group owns five casinos in Australia and New Zealand: SkyCity Auckland, SkyCity Hamilton, SkyCity Queenstown, SkyCity Wharf Casino, and SkyCity Adelaide. SkyCity Adelaide Adelaide Casino was bought by SkyCity Entertainment Group in June 2000. Back then it had 767 gambling machines and 72 table games. Currently it has 990 gambling machines and 90 gambling tables. It has the only table gambling license issued out by the South Australian Government, giving it a monopoly over the gambling business in the state. In 2011 SkyCity financed a $339 million expansion project to make the casino closer towards the city's riverfront. SkyCity Auckland SkyCity Auckland is New Zealand's largest casino. Located in Central Auckland, it provides table and slot machine gambling, with 1647 gambling machines and 110 gambling tables. The facility includes the Sky Tower, two hotels, convention centre, a 700-seat theatre, and more than 20 restaurants and bars with regular live bands, DJs and other entertainment. It opened on 2 February 1996. SkyCity Hotel, Auckland is a four-star casino hotel. It is one of New Zealand's busiest hotels and is located inside the main Auckland complex. It serves mainly families, business people and casino customers. It offers 323 rooms, which were refurbished in 2013. SkyCity Grand Hotel is a luxury five-star hotel and was officially opened by Prime Minister Helen Clark in April 2005. It is not located inside the main complex but is adjacent and is connected by a sky bridge. It serves VIPs, business people and high stake gamblers who play at the casino. The Grand