SkyCity Entertainment will focus on growing earnings at its flagship Auckland casino and lifting international business as it tackles flagging profits.
Shares in the casino operator dropped sharply on Wednesday after its net profit fell more than 8% in the 12 months to the end of June to $127 million.
The company blames weaker earnings and a strong New Zealand dollar.
A group of absconding high rollers also dented profits by nearly $3 million.
Chief executive Nigel Morrison said unpredictable consumer spending in Auckland and Hamilton was also a factor and it wants to continue to improve the performance of its businesses.
He said the company has taken on new senior executives over the last six months and wants to see more growth in international business even though SkyCity is already turning over $6 billion.
"We do think there's considerable growth potential in that business and we want to continue to focus on that but then obviously continue to execute our transactions and secure major growth projects in terms of Adelaide and Auckland."
Mr Morrison said there is nothing firm on the horizon in terms of acquisitions although it has looked at the Philippines and it's just withdrawn from the Gold Coast cruise ship terminal development because the Queensland government was unable to give surety about a licence.
He said SkyCity will spend $780 million over the next six years on the New Zealand International Convention Centre and the Adelaide casino.
Mr Morrison said the final legislation, allowing SkyCity to install more gaming machines and extend its casino licence, is expected to be passed in December.
Since the announcement about the convention centre SkyCity has had around 50 expressions of interest from international associations and organisations wanting to hold conventions from 2017 onwards.
Mr Morrison said those 50 expressions of interest come with around 90,000 delegates.
Shares in Sky City fell 17 cents to $3.93 on Wednesday.
