TABCORP REVENUES PER DIVISION DIVISION
Wagering & Media Lotteries & Keno
Gaming Services Business TOTAL
Previously it was a joint venture with Perry Developments. SkyCity Hamilton can operate 23 gaming tables and 339 slots. It is open 24 hours a day seven days a week. Revenues for FY18 amounted to $61m.
SKYCITY QUEENSTOWN opened in December 2000 with a licence until 2025. In 2012 SkyCity acquired full ownership of Queenstown Casinos Ltd, the venue licence holder for Queenstown Casino. Tey took over the Beach Street casino when they paid out $5m for Skyline Enterprises 40 per cent stake. Tis casino can operate 12 gaming tables and 86 slots.
Meanwhile in 2013 SkyCity also acquired Otago
REVENUES FY18 $2,186.1m
$1,390.7m $249.7m
$3,828.7m
REVENUES FY17 $1,873.0m
$212.7m $143.9m
$2,234.1m
Casinos Ltd from Lasseters (NZ) Ltd which held the licence for the WHARF CASINO QUEENSTOWN which had opened back in 1999 just 15 months before its rival. Te Wharf can operate six gaming tables and 74 slots. Both Queenstown and Wharf saw combined revenues of $27m last year.
CHRISTCHURCH CASINO at one time was partly owned by SkyCity and first opened in 1994 and was New Zealand’s first landbased casino. It closed in 2011 due to an earthquake and SkyCity sold its 50 per cent share in 2012 when they took full control of the Queenstown casino. Skycity sold its share to co-owner Skyline Enterprises for $80m and had bought
Skyline’s 40 per cent share in the Queenstown Casino. Te casino today has 500 slots and 36 gaming tables. Tere are four restaurants and bars onsite and poker lounge and TAB facilities.
Finally DUNEDIN CASINO is located in the Southern Cross Hotel one of the oldest buildings in Dunedin dating back to 1883. Te casino opened in 1999 and it offers 180 slots and 12 table games. Te Grand bar and café offers food and drinks. It is elegantly designed with a sweeping grand staircase which leads up to the gaming floor and grand glass dome. It is operated by Dunedin Casinos Management (formerly Maxims Management Ltd). It was previously operated by Aspinall (NZ).
NEWSWIRE / INTERACTIVE / MARKET DATA P125
CHANGE
16.7 per cent 100 per cen 73.5 per cent
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