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Tag Archives: SkyCity Entertainment

New Zealand – SkyCity given more time to complete New Zealand International Convention Centre

The New Zealand Government and SkyCity have agreed to extend the long stop date for completion of the New Zealand International Convention Centre (NZICC) project from 2 January 2025 to 15 December 2027 under the New Zealand International Convention Centre Project and Licensing Agreement (NZICC Agreement). SkyCity’s obligation under the NZICC Agreement to operate the…

New Zealand – Weekend slots helping drive better than expected results for SkyCity

Following strong performance from electronic gaming machines at SkyCity Adelaide and from its offshore online casino SkyCity Malta, New Zealand’s SkyCity Entertainment says it will deliver better than expected results for its full year set to be announced in August. The company stated: “SkyCity has continued to see strong performance from its local gaming businesses…

Australia – Austrac launches money laundering investigation in Perth, Sydney and Adelaide

More controversy looks to be heading to the casino sector in Australia where the Australian Transaction Reports and Analysis Centre (Austrac) has contacted three of the major operators over potential money laundering breaches. Austrac has contacted Crown Resorts, Star Entertainment Group and SkyCity Entertainment Group over breaches of Anti-Money Laundering laws at casinos in Perth,…

New Zealand – Sky City earmarks 2022 ‘to be back under full strength’

New Zealand casino group SkyCity Entertainment Group has said one of its main priorities for next year is ‘just to stay open’ with a two year path to recovery envisaged by its CEO. Speaking at the company’s virtual AGM, Chief Executive Graeme Stephens said: “It’s really only 2022 that we expect to be back under…

Australia – SkyCity to launch four new hotels at Adelaide casino

SkyCity has revealed details of four new restaurants and two new bars set to reshape the dining landscape in Adelaide, with Sol Bar and Restaurant announced as the jewel in the crown.  Sol, the Latin term for sun, is a revolutionary take on a rooftop bar and restaurant for South Australia, offering an unforgettable dining…

New Zealand – SkyCity raises NZ$230m in new equity to protect against COVID-19 downturn

New Zealand casino operator SkyCity Entertainment has raised NZ$230m in new equity to strengthen its balance sheet and aid its ‘recovery from the impacts of COVID-19.’ The new equity will comprise a NZ$180m fully underwritten placement to institutional and other selected investors plus a share purchase plan for its existing shareholders in Australia and New…

Australia – SkyCity unveils Eos hotel as centrepiece of $330m Adelaide expansion

SkyCity Hotels Group has revealed the centrepiece of the $330m Adelaide Casino expansion, Eos by SkyCity. The new 120-room luxury hotel will open its doors in late 2020, offering guests bespoke experiences from in-room styling to on-call mixologists providing a custom cocktail service. Brad Burnett, Group General Manager, Hotels at SkyCity Entertainment Group is thrilled…

New Zealand – Investigation over junkets creating uncertain times for SkyCity

SkyCity Chief Executive Graeme Stephens has said the current level of uncertainty in Australia over junkets could filter through to New Zealand as legislators look to crack down on alleged misdemeanours by Australian operator Crown in the battle to win lucrative VIP gaming spend. “We’re not quite sure what’s going to happen in the world…

New Zealand – SkyCity reports record results

New Zealand operator SkyCity Entertainment has achieved a record financial performance in the 2018 financial year, driven by strong growth in its international Business and improved operational performances by all properties across the group. Normalised Net Profit After Tax (NPAT) was $169.9m, up 10.4 per cent and normalised Earnings Before Interest, Tax, Depreciation, and Amortisation…