the beachfront Little Mindil site and have ongoing use of the casino’s VIP facilities for the next two years, whilst the group also retains the right to operate an online casino in partnership with Delaware North if a licence is granted in the future. SkyCity will continue to run the operations until the sale is approved.


Earlier this year Delaware North acquired two Brisbane area pubs and gaming venues expanding the company’s business into the gaming and entertainment industry.


Tey are currently involved in the catering and hospitality sectors in Australia and in the US the company owns or operates 12 casinos and gaming venues.


Te second casino, Lasseters is located in Alice Springs and also runs under an operator’s agreement with the NT government until 2031 with a five year extension option.


Te casino has over 300 EGMs, table games and TAB and Keno in its sports lounge plus the new Diamond Lounge VIP area. Te casino is part of the Crowne Plaza Alice Springs and was re- branded in 2016 after a franchise agreement


SkyCity acquired ownership of the Darwin casino and hotel from MGM Grand in 2004 and re-branded the property. At the end of last year Skycity agreed the sale of the casino to Delaware North for $188m as SkyCity is now focusing its attentions on its New Zealand home market and expanding casino facilities in Adelaide.


with InterContinental Hotel Group. Tere are four restaurants and four bars, nightclub and convention hall, health club and spa.


It was originally constructed in 1981 and now has 205 rooms with an additional 60 hotel rooms and the Convention Centre was added in 2002.


Lasseters International Holdings was set up in 2004 and today also owns the Golden Door


health and spa retreat in Hunter Valley, NSW and has various property development plans in Malaysia.


NT Keno is run on the property under licence from SkyCity Darwin. Lasseters Hotel Casino saw revenues last year of $44.8m.


Te two casinos have exclusivity whilst total casino gambling turnover amounted to $998.9m last year.


NEWSWIRE / INTERACTIVE / MARKET DATA P177


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