KEY POINTS:
Casino group Sky City, which is the subject of at least two possible bids, told shareholders today at the annual meeting it had put the sale of its Adelaide casino on hold.
It confirmed its earlier profit guidance for the 2008 financial year, saying it expected increase of 10-12 per cent in reported net profit.
The company said the sale process for the Adelaide casino had been put on hold, pending the outcome of takeover approaches in progress.
The company said it was confident it had a strong development and recovery plan for Adelaide that underpinned the company's internal view of that business.
- NZPA
