SkyCity is pushing forward with a new capital raise, after confirming a significant drop in profit.

Underlying profit's plummeted 42 percent, according to new reports.

Costs have also been rising, particularly for regulatory compliance, online gaming, and the soon-to-open Auckland convention centre.

SkyCity CEO Jason Walbridge says he believes they're acting in the best interests of the company - despite the concerns.

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SkyCity is pushing forward with a new capital raise, after confirming a significant drop in profit.
Underlying profit's plummeted 42 percent, according to new reports.
Costs have also been rising, particularly for regulatory compliance, online gaming, and the soon-to-open Auckland convention centre.
SkyCity CEO Jason Walbridge says he believes they're acting in the best interests of the company - despite the concerns.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jason Walbridge: SkyCity CEO on the company's 42 percent profit drop

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/67dc2c59-4230-4ecf-95cb-b34000737e98/transcript

I reckon probably the most important thing to happen tech-wise in this country this week would be the smart glasses hitting New Zealand shop shelves, which means, of course, that all of the angst that's been going on in the rest of the world for the last three years about the so-called “perv glasses” is about to spark up here as people start getting themselves into trouble, I'd imagine, for filming with these things in places we don't want them filming with these things.


But can I suggest, before we all start getting worked up and calling for bans and stupid rules and restrictions and stuff, that we understand what these glasses mean for some people.


So I was really struck this week. I was listening to Pic Picot of the peanut butter business talk about these glasses the other day. He bought some overseas. He can't see very well, and he bought some overseas before they went on sale here, and he reckons this is a life changer for him.


He says with these glasses, for the first time in a really long time, he now knows what's going on around him. He can read the menu in his hotel by himself because the glasses tell him what it says.


Up to now, he's had to take a photo and zoom right in and then go bit by bit and try to read it. Imagine how frustrating that was. Imagine how different it is if the glasses are just reading your menu to you.


He can walk into a shop, he can ask the glasses what's happening, and the glasses will tell him there's a woman over there, a rack of glasses behind her.


It will store pictures, it will take pictures and store pictures of people he knows, and if that person comes up to him, it will tell him that person looks like somebody you know, and the person's name is Andy, or whatever it is.


He can read prices on clothes inside a shop. He can find his own size inside that shop now. And importantly, he can do this all by himself. He doesn't need help.


This has the potential to open the world up again for people who can't see well.


Now, I think we have a propensity, don't we, as humans to react really badly to new technology. It's the default setting that we have.


AI arrives, we go, “Oh, it's going to take the jobs.” We get freaked out about the facial scanning technology in Bunnings. We always do this, and so we're going to do it with the smart glasses.


And look, there are definitely things we need to be worried about with these glasses because they will normalise, eventually, constant filming of anyone and everyone.


They will allow the pervs to be more pervy than normal at the pool or the beach or whatever, and we are going to want to make some rules, and we're probably going to have to make some rules.


But when we have that impulse to set new rules, let's remember how much these glasses help some people.


Let's also remember that the people wearing these glasses are not all perverts. Some of them are people like Pic Picot, whose world's just got opened up thanks to new technology.

I reckon probably the most important thing to happen tech-wise in this country this week would be the smart glasses hitting New Zealand shop shelves, which means, of course, that all of the angst that's been going on in the rest of the world for the last three years about the so-called “perv glasses” is about to spark up here as people start getting themselves into trouble, I'd imagine, for filming with these things in places we don't want them filming with these things.
 But can I suggest, before we all start getting worked up and calling for bans and stupid rules and restrictions and stuff, that we understand what these glasses mean for some people.
 So I was really struck this week. I was listening to Pic Picot of the peanut butter business talk about these glasses the other day. He bought some overseas. He can't see very well, and he bought some overseas before they went on sale here, and he reckons this is a life changer for him.
 He says with these glasses, for the first time in a really long time, he now knows what's going on around him. He can read the menu in his hotel by himself because the glasses tell him what it says.
 Up to now, he's had to take a photo and zoom right in and then go bit by bit and try to read it. Imagine how frustrating that was. Imagine how different it is if the glasses are just reading your menu to you.
 He can walk into a shop, he can ask the glasses what's happening, and the glasses will tell him there's a woman over there, a rack of glasses behind her.
 It will store pictures, it will take pictures and store pictures of people he knows, and if that person comes up to him, it will tell him that person looks like somebody you know, and the person's name is Andy, or whatever it is.
 He can read prices on clothes inside a shop. He can find his own size inside that shop now. And importantly, he can do this all by himself. He doesn't need help.
 This has the potential to open the world up again for people who can't see well.
 Now, I think we have a propensity, don't we, as humans to react really badly to new technology. It's the default setting that we have.
 AI arrives, we go, “Oh, it's going to take the jobs.” We get freaked out about the facial scanning technology in Bunnings. We always do this, and so we're going to do it with the smart glasses.
 And look, there are definitely things we need to be worried about with these glasses because they will normalise, eventually, constant filming of anyone and everyone.
 They will allow the pervs to be more pervy than normal at the pool or the beach or whatever, and we are going to want to make some rules, and we're probably going to have to make some rules.
 But when we have that impulse to set new rules, let's&nbsp;remember how much these glasses help some people.
 Let's also remember that the people wearing these glasses are not all perverts. Some of them are people like Pic Picot, whose world's just got opened up thanks to new technology.

Perspective with Heather du Plessis-Allan: The benefits of smart glasses outweigh the risks

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8a4b4bf2-502f-4678-9fd8-b4d0008e1026/transcript

Listen to the Heather du Plessis-Allan Drive Full Show Podcast for Friday 25 September.

Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

Listen to the Heather du Plessis-Allan Drive Full Show Podcast for Friday 25 September. 
Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

Full Show Podcast: 25 September 2026 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3a1b5575-ddad-4aa0-b0d0-b4d00076b43b/transcript

New Meta smart glasses have been hailed 'life-changing' - for blind and low vision people

The glasses hit New Zealand shelves yesterday - and have built-in cameras which can be used to film what is in front of them, and have it answered by a remote helper, or AI.

But the technology's raised concerns over covert filming, and their potential to expose sensitive data to hackers.

Blind Low Vision NZ General Manager Dan Shepherd told Heather du Plessis-Allan he now has independence he hasn't had in decades - as someone with low vision.

LISTEN ABOVE

New Meta smart glasses have been hailed 'life-changing' - for blind and low vision people
The glasses hit New Zealand shelves yesterday - and have built-in cameras which can be used to film what is in front of them, and have it answered by a remote helper, or AI.
But the technology's raised concerns over covert filming, and their potential to expose sensitive data to hackers.
Blind Low Vision NZ General Manager Dan Shepherd told Heather du Plessis-Allan he now has independence he hasn't had in decades - as someone with low vision.
LISTEN ABOVE

Dan Shepherd: Blind Low Vision New Zealand General Manager on how Meta smart glasses are lifechanging

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ad4db400-7511-4abc-8314-b4d0007ca8fe/transcript

Jason Walbridge: SkyCity CEO on the company's 42 percent profit drop

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