Sky City halts casino sale, takeover pending
New Zealand casino operator Sky City Entertainment Group confirmed its full-year profit guidance and said it had halted the possible sale of one its casinos pending the outcome of a takeover process....
View ArticleSky City Tumbles After Report of Single Bidder for Company
(Bloomberg) — Sky City Entertainment Group Ltd. fell the most in nine months on New Zealand’s stock exchange after a newspaper reported a single bidder is interested in the country’s biggest casino...
View ArticleSky City says expects takeover offer
Wellington (Reuters) – New Zealand casino operator Sky City Entertainment Group Ltd, which has put itself up for sale, said on Wednesday it had been told by a potential buyer that a compelling offer...
View ArticleCasino forced to reveal details on big spenders
Auckland’s SkyCity Casino has been forced to tighten controls on potential problem gamblers in a move which the Problem Gambling Foundation says should cut the casino’s profits. SkyCity, the country’s...
View ArticleCasino operator Sky City Entertainment Group says a possible bidder for the...
Sky City put itself up for sale in September after poor results and earlier this month said there was a potential bidder, but it was seeking finance to make an offer. Reuters says the bidder is...
View ArticleSeems no one game to wager on casinos
New Zealand casino operator SkyCity Entertainment is not the only one having problems finding a suitor who can secure finance. The US gambling giant Harrah’s Entertainment is having similar problems...
View ArticleSkyCity takes Adelaide Casino off market
The company that owns Adelaide’s casino has taken it off the market. SkyCity had invited offers for the casino but now says it will be retained, in the best interests of shareholders. In its half-year...
View ArticleSky City Reviews Adelaide Plan; Early Decision Sought
Sky City Entertainment Group Ltd., New Zealand’s largest casino operator, is reviewing expansion plans for its Adelaide casino in South Australia in a bid to limit the cost of the AUD 55 million (USD...
View ArticleSkyCity pins hopes on high rollers
The new boss of the Kiwi gambling company behind casinos in Adelaide and Darwin believes he can lure high rollers away from the bright lights of Macau and into his local casinos, a feat his predecessor...
View ArticleSky City Plans AUD 50 Million Purchase, Development at Darwin
Sky City Entertainment Group Ltd., New Zealand’s largest casino operator, will spend more than AUD 50 million (USD 48 million) acquiring and developing beachfront land next to its Darwin casino in...
View ArticleSky City sells hotel stake, ups casino interest
Sky City Entertainment Group is to raise its stake in the country’s second largest casino in Christchurch, after selling its stake in a hotel there. Sky City has sold its stake in the Crowne Plaza...
View Article500 evacuated from casino
More than 500 people were evacuated from Adelaide’s SkyCity casino after a small fire ignited in a wall space last night. A transformer, situated between the central marble hall and a toilet,...
View ArticleHigh tax, regulation blamed for Adelaide Casino woes
Entertainment group, SkyCity, is refusing to spend significant amounts on its Adelaide Casino. In a letter to shareholders, SkyCity chief executive Nigel Morrison said it was hard for the casino to...
View ArticleSky City staff go on strike
About 60 unionised staff at Auckland’s Sky City didn’t show for work today, many joining a picket at the Sky Tower to protest a pay dispute. The strike began at 10am and was to continue for 24 hours,...
View ArticleSkyCity defends itself in wake of drug bust
SkyCity has been criticised by a senior judge after a drug ring used its VIP gaming lounge as part of its multi-million operation, but the casino company defended its systems for detecting illegal...
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