New Zealand casino operator SkyCity Entertainment Group released today its financial results for the fiscal year 2022 revealing the impact of the near three-month-long closure of its flagship Auckland property. Revenue Decrease Attributed to Property Closures For the 12 months ended June 30, 2022, SkyCity Entertainment Group generated NZ$639 million ($397 million) in revenue to […]
Gaming Innovation Group (GiG) announced today the Board of Directors issued a resolution to complete the €51.37 million ($56.5 million) acquisition of Sportnco after the company obtained the required approvals from all relevant authorities. Increase Short-Term and Long-Term TAM The acquisition of Sportnco which was initially announced in December last year is expected to strengthen […]
The Department of Internal Affairs (DIA) in New Zealand launched an audit into SkyCity Casino’s business in Auckland back in 2019. The audit was finalized in 2021, but the results were released only recently. It comes as an unpleasant surprise that the audit found the casino failed in nine out of 10 areas of compliance, […]
SkyCity Entertainment Group announced in a filing to the Australian Securities Exchange (ASX) and the New Zealand Exchange (NZX) Sunday its casino and entertainment facilities in Auckland will re-open in a staged manner starting from midday on Sunday, March 7, 2021. Mass Gatherings and Physical Distancing Requirements SkyCity released its decision to re-open following the […]
