Sky City may JV with hotel developers, investors in $807M expansion, Morrison says

Wed, 13 Aug 2014

By Jonathan Underhill Aug. 13 (BusinessDesk) - SkyCity Entertainment Group, New Zealand’s only listed casino company, would consider partnering with developers or hotel investors to part fund some $807 million of spending on its expansion in Auckland and Adelaide, chief executive Nigel Morrison says. The Auckland-based company flagged the option of using co-investors while outlining development plans for the next six years that include a 300-bed, five-star hotel and adjacent retail precinct in Auckland at about $500 million, and the conti...

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