EGM SUMMARY OF VENUES AND NUMBERS CATEGORY
Multi Venue Single Venue
Club Chartered Club RSA
Club Sports TOTAL
31 3
110 62 36
242
participation in the country. NZCT’s Mike Knell says to replace the fleet of pokies ready for cashless could cost up to $300 million whilst the cost of development, potential IT problems and the risk of gamblers disliking it could herald an end to the EGM market as it stands now. (see Mike Knell’s interview on page ..)
THE CASINO MARKET Casinos first appeared in New Zealand in 1994
when Christchurch Casino opened. Today there are six licensed casinos in New Zealand and under the Gaming Act no new licences can be issued.
SkyCity is the dominate operator with four of the six casinos – Auckland, two in Queenstown and one in Hamilton.
TOTAL NO. LICENSED TOTAL NO. VENUES TOTAL NO. EGMS AVERAGE EGM/ SOCIETIES
898 3
111 63 42
1,117
12,407 44
1,607 802 397
15,257
Auckland casino is the largest and under the New Zealand International Convention Centre Act 2013 can operate more machines and currently operates 150 tables, 1,877 slots and 240 automated table.
Auckland’s gaming licence was also extended. A casino licence lasts 25 years renewable except for Casino Auckland which had its licence extended to 2048 as part of an agreement between SkyCity and the state to build an international convention centre. Te $700m Convention Centre in the heart of the CBD will include 21 meeting rooms and have a capacity of up to 1,750 guests whilst offering event management services, catering and business centre facilities and will link up with the SkyCity casino.
VENUE 13.82
14.67 14.48
12.73 9.45
13.66
A new 303 room adjoining hotel is being built by SkyCity - Horizon Hotel – which is due to open in 2020 and will boost rooms already offered by two nearby hotels - the SkyCity Grand Hotel with 300 rooms and SkyCity Hotel with 320 rooms.
Te Convention Centre has been plagued with problems and most recently reports suggest it won’t now be finished until mid next year despite the estimation that is should have opened in February this year.
SkyCity received various concessions in its deal with the government to build the centre which included 230 additional pokie machines and a 28 year extension to its gambling licence in Auckland.
NEWSWIRE / INTERACTIVE / MARKET DATA P123
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