SkyCity: the most expensive complaint in NZ history?

SkyCity Queenstown. (Image: BusinessDesk)

Tue, 05 Sep 2023

A market reaction that saw SkyCity Entertainment slice $236 million from its New Zealand market capitalisation on Monday was sparked by a 2017 complaint by one SkyCity Auckland customer who gambled at the casino over a three-and-a-half period to early 2021.That prompted the secretary of the department of internal affairs (DIA) the regulator of the gambling sector in New Zealand, to apply to the gambling commission to temporarily stand down SkyCity's gaming licence at its Auckland, Hamilton and Queenstown properties.The share price...

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