Why judge ruled in favour of SkyCity in multimillion-dollar car park spat

The SkyCity fire in October 2019 damaged the car park. (Image: NZME)

Mon, 04 Dec 2023

A high court judge has ruled SkyCity’s interpretation of a car park contract with a Macquarie Group subsidiary was the correct one, meaning the New Zealand stock exchange-listed firm is likely to pay about $188 million.This is a win for the casino operator, which fought against Macquarie’s interpretation of the concession agreement that estimated SkyCity was liable for $240m.The contract was over car parks damaged by the October 2019 convention centre fire.Justice Neil Campbell found in favour of the casino company’s interpret...

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