New Zealand High Court fined SkyCity
A penalty of NZ$4.16 million has been imposed on SkyCity Casino Management by the High Court in New Zealand.
SkyCity Entertainment, founded in 1996, is a gambling and...
SkyCity to sell GiG stake for NZ$55 million
SkyCity Entertainment Group has stated that it will sell its full stake in Gaming Innovation Group (GiG), which it bought in April 2022.
GiG is a European-based online gambling platform provider and media services operator via which SkyCity operates its SkyCity Online Casino (located in Malta).
In a note issued on Tuesday, the group stated that SkyCity has decided to sell its stake in GiG since it is non-core to its ongoing operations and is no longer regarded strategically vital for SkyCity.
The group anticipates net sales of around NZ$55 million after brokerage and legal fees. The corporation initially paid around NZ$40 million for its stake in GiG. The funds are planned to be utilized to pay down the group’s debt as part of its ongoing cautious capital management approach.
SkyCity named its new managing director for Adelaide
Avril Baynes has been appointed the new managing director for SkyCity's Adelaide casino.
SkyCity Entertainment, founded in 1996, is a gambling and entertainment company...
