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Current as of 30/09/16 07:39PM NZST
Property editor of the NZ Herald

SkyCity buys Queenstown casino

SkyCity Chief Executive Officer, Nigel Morrison. Photo / NZ Herald
SkyCity Chief Executive Officer, Nigel Morrison. Photo / NZ Herald

SkyCity Entertainment Group has bought out rival Lasseters to control all of Queenstown's casino market.

Nigel Morrison, SkyCity chief executive, said $5 million was paid for Otago Casinos which holds the licence for the Lasseters Wharf Casino.

The deal is subject to Commerce Commission and Gambling Commission approval.

- NZ Herald

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