Tag Archives: skycity
- SkyCity warns of adverse effect from China VIP crackdown, shares tumble
October 20, 2016
New Zealand casino operator SkyCity Entertainment Group’s shares tumbled on Friday over concerns that China’s anti-gambling moves could further depress already depressed VIP gaming revenue. SkyCity issued a “disappointing” fiscal Q1 trading update on Friday, with ‘normalized’ revenue – so named because it smooths out the inherent variance of VIP...
- SkyCity expects first-half profit to rise 30%
January 19, 2016
SkyCity Entertainment Group's shares are on the rise after it predicted first-half profit to rise as much as 30%. New Zealand's only listed casino operator SkyCity said it expected a net profit of $69m to $71m for the half year to December 31, compared to $54.6m for the same prior...
- Australia’s Star inks $3B casino project in Brisbane, SkyCity posts close to $114M in annual profit
November 16, 2015
It’s all systems go for the Star Entertainment Group’s $3-billion casino resort project in Brisbane. Matt Bekier, chief executive at the newly renamed Star Entertainment Group, announced that they have signed development agreements with the Queensland government, The Australian reported. The Brisbane development, which is still subject to planning approvals,...
- Green Party: SkyCity does not deserve additional pokies
October 23, 2015
Casino operator SkyCity Entertainment should not receive any additional pokies after failing to stop a woman from gambling for ten hours, says New Zealand's Green Party. In return for building the convention center in Auckland, the New Zealand government has given SkyCity the rights to operate 230 additional video poker...
- Loan shark targeting New Zealand casino customers banned from lending
October 5, 2015
An Auckland loan shark who targeted New Zealand casino gamblers has been fined and banned from lending. Yuan Rong Yang, former owner of Sunway Finance Limited and money lender to Auckland’s Chinese community and gamblers at SkyCity Auckland casino, has been fined $22,500 and banned from lending indefinitely by Auckland...
- SkyCity Auckland to end zero-hours contracts
September 1, 2015
Casino operator SkyCity, the biggest single-site employer in Auckland, will provide employees with more security by ending zero-hours contracts starting next year. Following strong revenue growth, SkyCity Auckland reached an agreement with Unite Union and the Service and Food Workers Union to give its 800 part-time and on-call staff guaranteed...
SkyCity launches free-to-play casino SkyCityOnline.com
June 16, 2015
Sun International CEO Leaves Old Job for SKYCITY
November 7, 2016