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- Release Date: 20/05/13 10:48
- Summary: ASSET: SKC: SKYCITY Agrees to buy Wharf Casino
- Price Sensitive: No
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SKC
20/05/2013 08:48
ASSET
REL: 0848 HRS SKYCITY Entertainment Group Limited (NS)
ASSET: SKC: SKYCITY Agrees to buy Wharf Casino
SKYCITY purchases Wharf Casino in Queenstown
SKYCITY Entertainment Group has purchased Otago Casinos Limited, which holds
the licence for the Wharf Casino in Queenstown.
SKYCITY Chief Executive Nigel Morrison today said that SKYCITY was pleased to
acquire the Wharf Casino, for $5 million, which is subject to regulatory
approval from the Commerce Commission and the Gambling Commission.
The Wharf Casino licence allows for a maximum of 74 electronic gaming
machines and 6 gaming tables while the casino has a central location in
Queenstown's central business district.
"The purchase of the Wharf Casino is part of our strategy of increasing our
presence in Queenstown.
"SKYCITY sees Queenstown as an area of significant potential for continued
tourism development and as one of New Zealand's leading tourism operators, we
are very interested in the region.
"Queenstown is already a very popular destination for our overseas VIP
guests. Today's announcement will add to our offering in Queenstown.
"It comes after we assumed full ownership of SKYCITY Queenstown Casino late
last year. We are also part of a consortium that is the preferred group to
build the Queenstown Convention Centre.
"We are looking forward to developing our business in this iconic region of
New Zealand and contributing further to the Queenstown community," Mr
Morrison said.
For more information please contact:
Kelly Armitage
Senior Communications Advisor
DDI: +64 9 363 6084
Mobile: +64 27 213 5625
E-mail: [email protected]
End CA:00236408 For:SKC Type:ASSET Time:2013-05-20 08:48:47
