SkyCity sees brighter skies in Queenstown as it quits Christchurch casino

Wed, 19 Dec 2012

Dec. 20 (BusinessDesk) - SkyCity Entertainment Group, which operates hotels and casinos across Australia and New Zealand, has sold its half-share of Christchurch casino and taken full ownership of Queenstown's gaming centre. The Auckland-based company sold its 50 percent share in Christchurch casino for $80 million to tourism operator Skyline Enterprises and bought Skyline's 40 percent stake in the Queenstown operation for $5 million, SkyCity said in a statement. "Increasingly, our Horizon and Eight VIP customers in Auckland want to visit...

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