SkyCity agrees to buy Queenstown’s Wharf Casino from Lasseters for $5 mln

Sun, 19 May 2013

May 20 (BusinessDesk) - SkyCity Entertainment Group has agreed to buy Queenstown’s Wharf Casino for $5 million from Malaysia’s Lasseters, adding 74 electronic gaming machines and six gaming tables to its existing operations in the resort town. The deal is subject to Commerce Commission and Gambling Commission approvals. The company moved to 100 percent ownership of Queenstown Casino in December, buying out Skyline Enterprises’ 40 percent stake for $5 million as it looks to capitalise on demand from its high-roller overseas gamblers. “Queenst...

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