SkyCity Opens Door to Structured Takeover While Pursuing Online Licenses

At the start of September, SkyCity Entertainment Group announced it had completed the sale of its Auckland properties , in alignment with its ongoing asset monetization program. Now, the group is getting ready to get in touch with potential buyers looking to acquire the entire business, while continuing its plans to expand into New Zealand’s regulated online casino market. “In the Interests of Shareholders” Speaking at the company’s annual general meeting in Auckland on Wednesday, October 21, Chairman Julian Cook said the board had decided to invite proposals through a structured process meant to assess the value of continued acquisition…