Wednesday, October 28, 2020

Tag: skycity

Delaware North takes first step into Australian casino market

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Australia and New Zealand casino operator SkyCity Entertainment has confirmed the sale of its SkyCity Darwin casino for $137m to Delaware North. The US-based operator, which owns casinos in six American states, will complete the agreement after obtaining approval from Northern Territory regulators and finance allowances within 60 days. The deal does not include the adjacent Little Mindil beachfront property which...

SkyCity begin construction on Adelaide Casino upgrades

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Adelaide Casino has begun a $245m period of renovation, as part of a redevelopment of the city’s Riverbank area first proposed in 2016. The upgrades, recently approved by the Adelaide State Government and scheduled to be completed by 2020, include the addition of VIP gaming facilities on the casino floor, as well as the construction of 123 hotel rooms. "The South...

Revival of the fittest: SkyCity retains Darwin casino despite threat of sale

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Casino operator SkyCity Entertainment Group has recorded H217 revenue of $554.7m, despite company discussions in October last year to sell its underperforming Darwin casino to recover losses.   The New Zealand-based company reported the 3.6 percent increase year-on-year in early February, but has not ruled out still disposing of its Australian Northern Territory facility, regardless of its return to stable performance. “We...

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