Provided by NZX
  • SKC3.8

    $0.010.26%

  • Open 3.81 High 3.81 Low 3.76 Bid Price 3.8

    Offer Price 3.81 Value 5249361.92 Volume 1383586

Current as of 04/09/15 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 2015, NZME. Publishing Limited

Assembled by: (static) on production bpcf05 at 06 Sep 2015 01:18:00 Processing Time: 558ms