Monday 25 August 2025

IAG

No Result

View All Result

No Result

View All Result

IAG

No Result

View All Result

SKYCITY Entertainment Group takes steps to sell SKYCITY Darwin

by Ben Blaschke

Mon 26 Mar 2018 at 21:51

New Zealand’s SKYCITY Entertainment Group has appointed Goldman Sachs to test interest from selected parties in regards to a possible sale of SKYCITY Darwin in Australia.

Outlining its future plans in an investor presentation on Monday, SKYCITY said that it was continuing to evaluate strategic options, including a full sale, with potential proceeds to be used to repay debt and fund strategic growth initiatives.

The company is currently expanding its integrated resorts in Auckland and Adelaide and is considering an expansion of its small SKYCITY Queenstown property.

SKYCITY revealed in October that it was considering offloading SKYCITY Darwin, but the appointment of Goldman Sachs to actively approach buyers takes that process to the next level. The company also operates SKYCITY Wellington and Horizon VIP Suites in Auckland.

SKYCITY said in its investor presentation that the share of its revenue coming from junket operations had soared in 1H18 to 55%, up from 40% for Full Year 2017.

RelatedPosts

Team King completes acquisition of Saipan casino assets but IPI ownership links linger

Mon 25 Aug 2025 at 05:33

More reasons to visit Clark

Hann postpones US$207 million IPO due to poor market conditions

Sun 24 Aug 2025 at 11:19

Macau visitor arrivals grew 14.5% year-on-year to 3,458,366 in July

Macau visitor arrivals grew 14.5% year-on-year to 3,458,366 in July

Sun 24 Aug 2025 at 08:30

Market organized to drive business to area impacted by Macau satellite casino closures generates US$25,000 in sales in first four days

Market organized to drive business to area impacted by Macau satellite casino closures generates US$25,000 in sales in first four days

Sun 24 Aug 2025 at 08:26

Load More

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke

Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke

Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet

Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke

Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia

GLI

Mindslot

Solaire

Tecnet

HKUST

NWR

Related Posts

Pacific puzzle

Team King completes acquisition of Saipan casino assets but IPI ownership links linger

Mon 25 Aug 2025 at 05:33

Team King Investment (CNMI) LLC, a recently incorporated company which in February won a bid to acquire the casino assets of Imperial Pacific International, has officially closed the deal and taken ownership. According to local media outlet Marianas Variety, the...

More reasons to visit Clark

Hann postpones US$207 million IPO due to poor market conditions

by Ben Blaschke

Sun 24 Aug 2025 at 11:19

The holding company of Clark’s Hann Casino Resort has postponed an initial public offering that had been planned to take place in September, according to a report by Bloomberg. The delay is due to global uncertainties that have heavily impacted...

Macau visitor arrivals grew 14.5% year-on-year to 3,458,366 in July

Macau visitor arrivals grew 14.5% year-on-year to 3,458,366 in July

Sun 24 Aug 2025 at 08:30

Driven by the summer holiday travel peak season, Macau’s total visitor arrivals in July increased by 14.5% year-on-year and 19.6% month-on-month, reaching 3,458,366 and recovering to 97.9% of the level achieved in July 2019. Visitors from mainland China remained the...

Market organized to drive business to area impacted by Macau satellite casino closures generates US$25,000 in sales in first four days

Market organized to drive business to area impacted by Macau satellite casino closures generates US$25,000 in sales in first four days

Sun 24 Aug 2025 at 08:26

The Macau government has revealed that the NAPE food and cultural creativity market, held from 15 August, generated MOP$200,000 (US$25,000) in sales in its first four days. The festival is part of a series of events planned by the government...

No Result

View All Result

© 2005-2025
Inside Asian Gaming.
All rights reserved.