SkyCity to spend A$300M on Adelaide redevelopment after regulatory accord

Tue, 18 Dec 2012

Dec. 19 (BusinessDesk) – SkyCity Entertainment Group said it will spend more than A$300 million redeveloping its Adelaide Casino after concluding 2 ½ years of negotiations with the state government over the size of the operation, exclusivity and taxes. Key terms of the agreement include an extension of the company’s exclusivity in the state for table games, automated table games and ‘premium VIP Gaming’ until June 30, 2035 from June 2015, Auckland-based SkyCity said in a statement today. The deal allows SkyCity to increase electronic gaming...

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