SkyCity-Macquarie parking court case kicks off

SkyCity-Macquarie parking court case kicks off
SkyCity wants a declaration that its interpretation of the contract is correct. (Image: SkyCity)
Victoria Young
SkyCity Entertainment Group’s two-day scrap over a $220 million contract it had with a Macquarie Group subsidiary has begun in the high court in Auckland.  Justice Neil Campbell is hearing the court case over a concession agreement for a parking building damaged in 2019’s international convention centre blaze. Macquarie subsidiary MPF Parking inked a deal with the casino operator, but SkyCity failed to remedy damage by the fire in the time stipulated, so MPF Parking terminated the contract, which was for rou...

More Markets

NZ sharemarket rises ahead of interest rate decision
Markets Market close

NZ sharemarket rises ahead of interest rate decision

The S&P/NZX 50 Index closed at 12,765.24, up 28.18 points or 0.22%.

Graham Skellern 21 Nov 2024
IkeGPS revenue shows sparks for subscriptions play
Markets

IkeGPS revenue shows sparks for subscriptions play

Despite a $7m net loss, subscription revenue grew 28%.

Ben Moore 21 Nov 2024
My Food Bag profitability up, customer numbers dip
Retail

My Food Bag profitability up, customer numbers dip

Company expects market conditions to remain challenging in the second half.

Gregor Thompson 21 Nov 2024
Aft takes $6.5m hit on doctor strike and destocking
Markets

Aft takes $6.5m hit on doctor strike and destocking

Income in international markets affected by two events.