South Australia approves ‘game changing’ SkyCity casino licence, allowing A$300M investment

Thu, 25 Jul 2013

July 26 (BusinessDesk) – The government of South Australia has passed a law extending SkyCity Entertainment Group’s exclusive casino licence, clearing the way for a A$300 million expansion of its riverside complex. Analysts say the Adelaide development is much more of a game-changer for the casino and hotel company than its politically contentious deal with New Zealand’s government to build an Auckland convention centre in exchange for increased gaming concessions. The amendment to the state’s Casino Act allows for a 20-year extension of Sky...

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