Reports NEW ZEALAND MARKET
Te convention centre is part of various works underway in the city which also include a new City rail link, new five star hotels and infrastructure improvements ready for a host of events due to be held in the city.
Auckland already sees around 2.6 million international tourists each year and the city is due to be flooded with additional visitors in 2021 when the city hosts the America’s Cup, the APEC Leaders Summit, Le Matatini, Women’s Rugby World Cup, Women’s Cricket World Cup and several other events.
Meanwhile SkyCity was established in 1996 when SkyCity Ltd became the owner of the SkyCity Auckland complex and in 1998 then took over the operations from previous gaming operator Harrah’s Entertainment. SkyCity now operates four casinos in total in New Zealand and three in Australia and saw total group
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.
revenues in FY18 of $1.09bn with a group EBITDA of $339m from these venues.
Already the company has seen a steady growth from this sector and is now gearing up for future growth investments in Hamilton and also in Queenstown where the company has purchased land for a future hotel.
SkyCity hit the headlines recently after it became the first casino in New Zealand to apply to the Gambling Commission to swap three Blackjack tables for an additional 60 slot machines. At the moment Hamilton operates 339 slots and they want to bring the total up to 399 which is part of a “broader yet to be
P124 NEWSWIRE / INTERACTIVE / MARKET DATA revealed plan SkyCity has for Waikato.”
However after strong opposition from city councillors and Hamilton’s Mayor, the Gambling Commission has opened the request to a public consultation.
SKYCITY AUCKLAND is licensed to SkyCity Casino Management Ltd. SkyCity is an entertainment destination in the heart of the city offering casino, accommodation, retail and dining. Te centre piece is a 328m high Sky Tower, New Zealand’s tallest building, offering a 360 degree view of Auckland with observation towers, dining, café and even a base jump and walk around platform. Alongside several
restaurants and bars there are also three hotels – SkyCity Grand Hotel, SkyCity Hotel and Horizon Hotel. Te casino can operate up to 150 table games and 1,877 slots and 240 electronic table games. Players must be aged 20 plus to enter the casino. Te casino opened in 1996 and has a licence until 2048. Sky Tower saw 560,000 visitors last year and revenues of $696m for the company.
Casinos cannot offer internet gambling but can operate TAB outlets.
SKYCITY HAMILTON opened in September 2002 and in 2005 SkyCity completed the acquisition of full ownership of this casino.
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