G3-247 Report NEW ZEALAND
The company began business back in 1996 and opened the Auckland casino complex the same year. This was followed by Adelaide Casino in 2000, SKyCity Queenstown in 2000 followed by Hamilton in 2002, Christchurch in 2004 and Darwin.
The group is divided into SKyCity Auckland which oper- ates the casino, hotels and convention centre and Sky Tower whilst SkyCity NZ operates the remaining three casinos in Hamilton, Queenstown and Christchurch.
Total receipts for 2013 by SkyCity amounted to $970m with total group revenues of $859m and profits of $127m. Part of these revenues were attributed to SkyCty Auckland with revenues of $418m whilst SKyCity NZ saw revenues of $54m.
Meanwhile SkyCity recently saw the passing of the New Zealand International Convention Centre legislation in November last year which will see SkyCity now invest $402m to design, build and operate the New Zealand International Convention Centre.
In return for this investment this also means SkyCity’s Auckland Casino licence has now been extended to 2048 and this ‘deal’ also provides for an increase in gaming product of an additional 230 slots and 40 table games whilst a further 12 gaming tables that can each be substituted for 20 automated table game terminals plus the introduction of cashless card based gaming and the
The Department of Internal
Affairs oversees casinos and the Gambling Compliance Group
maintains a team of inspectors in each casino.
extension of TITO technology.
Nigel Morrison, SkyCity Chief Executive said: “These concessions will become fully operative once SkyCity enters into a binding building works contract for the NZICC which is expected to be in the second half of 2014.” The project is expected to take three years and will provide a world class convention centre in Auckland driving jobs and tourism. The project is fully funded by SkyCity.
There are six casinos in New Zealand. These are:
SKYCITY AUCKLAND is open 24/7 and offers 1,600 slots and 100 table games. SkyCity has a 25 year licence for this casino from 1996 and it is wholly owned by SkyCity Entertainment. It was the second casino to open in New Zealand and is located at the base of the Sky Tower whilst other facilities include a 700 seat theatre, convention centres, bars, restaurants and hotels. There
SKYCITY CHRISTCHURCHwas New Zealand’s first casino which opened in 1994. In 2004 SkyCity acquired Aspinall (NZ) Limited which held a 40.5 per cent interest in Christchurch Casinos Limited which in 2008 was then increased to 45.9 per cent. The other major share- holder is SkyLine Enterprises Limited which opposed the acquisition saying it would now give SKyCity majority control over the casinos in the country. But the
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SKYCITY HAMILTONwas opened in 2002 and has a 25 year licence and since 2005 it is a wholly owned SkyCity casino. Prior to that the casino was a joint ven- ture partnership (70 per cent) with Perry Developments (30 per cent). It is situated behind the former Chief Post Office in a building on the banks of the Waikato River. Floor to ceiling glass gives players a spectacular view and there are over 300 slots and 23 gaming tables. There is also the poker zone with two poker tables and tour- naments. The Macau Room is for higher table limits.
are three VIP areas – one called EIGHT which is a mem- bers only area, the Platinum Room for VIP gaming machine salon for high value players and Platinum VIP.
SKYCITY QUEENSTOWNopened in 2000 and is a joint venture with Skyline Enterprises Limited (60/40 per cent share) of Queenstown Casinos Limited and has a 25 year licence. It is open from 12 noon to 4am daily and features 86 slots and eight tables. VIP gaming is available in the Horizon Room.
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