SkyCity buys TVNZ land for $10.6 mln, broadcaster to put cash into upgrading main building

Tue, 03 Sep 2013

Sept. 4 (BusinessDesk) - SkyCity Entertainment Group has agreed to buy prime real estate from state-owned broadcaster Television New Zealand for $10.6 million as part of its $402 million international convention centre in downtown Auckland. The Hobson St sites in New Zealand’s biggest city sit next to land already owned by the casino and hotel operator, and are part of its plan to wear the cost of building a convention centre in exchange for controversial gaming concessions. TVNZ agreed to the sale after reaching agreement with shareholdin...

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