SkyCity mulls sale amid online casino move

SkyCity is considering a structured sale of the company as it continues work launching in New Zealand’s upcoming regulated iGaming market. The New Zealand land-based casino chain has engaged bankers to seek acquisition bids for the business after it rejected two offers earlier in the year. It follows SkyCity winning the auction for two of the country’s 15 online casino licences , which grants rights to launch one brand a piece pending a full application process. Group chair Julian Cook said: “In the interests of shareholders, the board has decided to seek proposals through a structured process.