SkyCity runs ruler over Darwin after 'tough year'

Thu, 19 Oct 2017

By Tina Morrison Oct. 20 (BusinessDesk) - SkyCity Entertainment Group has hinted it may seek an investment partner to help develop its underperforming Darwin business in Australia, and hasn't ruled out a future sale of the asset. New Zealand's largest casino operator bought the Darwin casino and hotel business from US-based MGM Mirage in 2004 for A$195 million ($230.6 million) including costs and taxes, as part of its Australian expansion following its purchase of Adelaide casino. In its latest financial year, the company wrote down its D...

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