Provided by NZX
  • SKC3.67

    $0.041.09%

  • Open 3.63 High 3.67 Low 3.62 Bid Price 3.63

    Offer Price 3.67 Value 7877392.85 Volume 2169570

Current as of 19/09/14 07:40PM NZST

Anne Gibson

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

© Copyright 2014, APN New Zealand Limited

Assembled by: (static) on red akl_n6 at 21 Sep 2014 22:20:06 Processing Time: 828ms