Sky City Entertainment Group has lowered its profit forecast for this financial year, following tax changes announced in the budget last month.
The listed casino operator says its profit will take a $60 million hit for in the year to June. It now estimates its profit will be between $126 million and $130 million.
In May, the Government removed companies' ability to depreciate buildings for tax purposes, and lowered the corporate tax rate by 2% to 28%.
Sky City says the changes will result in it paying an extra $2 million in tax from next year.
It says the one-off, deferred tax liability, which is a non-cash charge won't affect the company's underlying profitability, cash flows or dividends.