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SkyCity Entertainment Group
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SkyCity Entertainment Group
SkyCity Entertainment Group is a gambling and entertainment company based in Auckland, New Zealand. It owns and operates five casino properties in New Zealand and Australia, which include restaurants and bars, three hotels, a convention centre and Auckland's Sky Tower.
The group was established in 1996 as the owner of the SkyCity Auckland complex. In 1998 it took over operations of the complex from Harrah's Entertainment.
The company's shares are traded on both the Australian and New Zealand stock exchanges.
Since opening its original Auckland casino on 2 February 1996, SkyCity has expanded its operations to several New Zealand and Australian cities.
In June 2000, it bought the Adelaide Casino. It added another casino to its portfolio when it opened SkyCity Queenstown in the alpine resort of Queenstown.
In 2001, SkyCity bought a half share in cinema operator Force Corporation for $19.4 million and rebranded it as SkyCity Leisure.
In June 2004, the group acquired a 41% stake in the Christchurch Casino when it bought Aspinal Limited. Although the deal was opposed by Skyline Enterprises, the other owner of 41% stake, it was approved by the Casino Control Authority and the Commerce Commission. However, in 2012 SkyCity sold its shares to Skyline for $80 million and bought Skyline's 40% stake in Queenstown Casino for $5 million.
In July 2004, SkyCity bought the Darwin Casino and Hotel from MGM Mirage and rebranded it as SkyCity Darwin.
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SkyCity Entertainment Group
SkyCity Entertainment Group is a gambling and entertainment company based in Auckland, New Zealand. It owns and operates five casino properties in New Zealand and Australia, which include restaurants and bars, three hotels, a convention centre and Auckland's Sky Tower.
The group was established in 1996 as the owner of the SkyCity Auckland complex. In 1998 it took over operations of the complex from Harrah's Entertainment.
The company's shares are traded on both the Australian and New Zealand stock exchanges.
Since opening its original Auckland casino on 2 February 1996, SkyCity has expanded its operations to several New Zealand and Australian cities.
In June 2000, it bought the Adelaide Casino. It added another casino to its portfolio when it opened SkyCity Queenstown in the alpine resort of Queenstown.
In 2001, SkyCity bought a half share in cinema operator Force Corporation for $19.4 million and rebranded it as SkyCity Leisure.
In June 2004, the group acquired a 41% stake in the Christchurch Casino when it bought Aspinal Limited. Although the deal was opposed by Skyline Enterprises, the other owner of 41% stake, it was approved by the Casino Control Authority and the Commerce Commission. However, in 2012 SkyCity sold its shares to Skyline for $80 million and bought Skyline's 40% stake in Queenstown Casino for $5 million.
In July 2004, SkyCity bought the Darwin Casino and Hotel from MGM Mirage and rebranded it as SkyCity Darwin.