In July 2004, SKYCITY acquired ownership of the Darwin Casino and Hotel from MGM Grand and rebranded the property SKYCITY Darwin. The Darwin casino licence currently runs until June 2031.Extensions to the licence for additional 5-year periods, every five years from 2016, are subject to the Northern Territory Government’s approval. There is no legislative ceiling on the number of gaming tables and gaming machines the SKYCITY Darwin casino may operate. SKYCITY Darwin currently operates 36 gaming tables and 630 gaming machines.
SkyCity Entertainment said it’s moving David Christian back to head the company’s Adelaide operation after the recent sale of its Darwin casino. Christian previously held the Adelaide position from 2006-14. He was also previously General Manager at SkyCity Auckland and in Hamilton before that, and overall has more than 30 years’ experience in hospitality, hotel […]
SkyCity Entertainment Group is looking to sell its Darwin casino business for at least A$200 million (US$154.3 million), but will have a hard time finding a buyer, according to a report from The Australian. Last month, in an investor presentation, SkyCity said that was aiming to divest its non-core businesses to focus on major projects, […]
There is renewed speculation that SkyCity may put its troubled Darwin casino up for sale after comments from SkyCity’s new chief executive at an AGM in Auckland. CEO Graeme Stephens reportedly told shareholders that the casino had had “a tough year” following a decision by the government of the Northern Territory to allow 75 percent […]
SkyCity Entertainment Group recorded a near 40 percent drop in its international business segment but still managed an 18 percent increase in profit for the half-year ended Dec. 31, 2016. The NZ-listed casino company said on Thursday that net profit for the six months was NZ$83.8 million (US$60.8 million). Revenue came in at NZ$484.2 million, […]
SkyCity Entertainment Group has denied recent media reports it’s considering the sale of its Darwin casino, New Zealand’s Scoop reports. According to the Australian Financial Review’s Street Talk column, the casino operator is understood to have approached investors in March to “gauge market interest” in its assets, which include one of its Auckland hotels, several […]
New Zealand’s SkyCity Entertainment is considering selling a number of assets, including its under-performing Darwin casino. According to local sources, the casino operator is understood to have approached investors in March to “gauge market interest” in its assets, which includes one of its Auckland hotels, several carpark facilities, and its Darwin Casino. However, finding a […]