SkyCity-Macquarie parking court case kicks off

SkyCity-Macquarie parking court case kicks off
SkyCity wants a declaration that its interpretation of the contract is correct. (Image: SkyCity)
Victoria Young
SkyCity Entertainment Group’s two-day scrap over a $220 million contract it had with a Macquarie Group subsidiary has begun in the high court in Auckland.  Justice Neil Campbell is hearing the court case over a concession agreement for a parking building damaged in 2019’s international convention centre blaze. Macquarie subsidiary MPF Parking inked a deal with the casino operator, but SkyCity failed to remedy damage by the fire in the time stipulated, so MPF Parking terminated the contract, which was for rou...

More Markets

Air NZ expects 1H loss of $30m to $55m
Markets

Air NZ expects 1H loss of $30m to $55m

According to Air NZ, it had anticipated a 2% to 3% revenue uplift.

Alan Bougen corrects statement with regard to Comvita
Markets

Alan Bougen corrects statement with regard to Comvita

Bougen said some of his previous statements "may have been ambiguous".

SkyCity on cusp of NZICC takeover
Markets

SkyCity on cusp of NZICC takeover

What can the business and tourism industry expect in the first year?  

No respite for the NZ dollar
Economy

No respite for the NZ dollar

Easing trade tensions isn’t helping the NZ dollar.