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Pubs give 40 per cent of their pokie take, SkyCity casinos as little as 0.7 per cent

SkyCity in Hamilton and Auckland bank almost all of it. Now one city council is calling for the discrepancy to change. ....

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Bond proposition from SkyCity Entertainment Group Limited

April 30, 2021
In New Zealand and casino operator SkyCity Entertainment Group Limited is reportedly hoping to raise up to $90 million via the launch of a new bond offer so as to boost its liquidity in the wake of the coronavirus pandemic.
According to a report from Inside Asian Gaming, the Wellington and Sydney-listed company is responsible for New Zealand’s SkyCity Auckland, SkyCity Hamilton and SkyCity Queenstown properties and recently spent in the region of $243 million to renovate its SkyCity Adelaide venue in Australia. The source detailed that the bond scheme also contains an up to $36 million over-subscription option and has been launched after the company was last spring forced to completely shutter its trio of domestic operations for just over seven weeks owing to concerns associated with coronavirus. ....

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Junket re-think from SkyCity Entertainment Group Limited

April 13, 2021
In New Zealand and casino operator SkyCity Entertainment Group Limited has reportedly announced that it is to permanently cease using junket firms to attract high-value foreign gamblers to its four properties.
According to a report from Inside Asian Gaming, the Wellington and Sydney-listed company is responsible for New Zealand’s SkyCity Auckland, SkyCity Hamilton and SkyCity Queenstown properties and recently spent in the region of $243 million so as to renovate its SkyCity Adelaide venue in Australia. The source detailed that the shake-up comes after the casino operator completed an eight-week strategic review into its international business that found potential due ‘diligence’ and ‘know your customer’ shortfalls connected to the use of junket firms. ....

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