SKYCITY COMPLETES INTERNATIONAL BUSINESS STRATEGIC REVIEW

GENERAL

Tue, Apr 13 2021 09:27 am

MARKET RELEASE
SkyCity Entertainment Group Limited (SKC.NZX/SKC.AX)

13 April 2021

SkyCity Completes Strategic Review of International Business

SkyCity Entertainment Group Limited (SkyCity) advises that, following completion of a strategic review into its International Business division, the SkyCity Board has determined to permanently cease dealing with all junket operators, effective immediately, and continue to operate its International Business division under a revised operating model.

As previously indicated to the market on 18 February 2021 (as part of SkyCity’s interim result announcement for the six months ended 31 December 2020), earlier this year SkyCity commenced a strategic review of its International Business division.

Under the revised operating model, SkyCity will deal directly with International Business patrons after appropriate know your customer and customer due diligence requirements are satisfied.

SkyCity will consult with its gaming regulators in New Zealand and South Australia in relation to its revised operating model.

ENDS

For more information, please contact:

Investors and analysts - Ben Kay
General Manager, Strategy & Investor Relations
DDI: +64 9 363 6067
E-mail: [email protected]

Media - Kate Gourdie
Group Communications Manager
Mobile +64 21 197 2845
E-mail: [email protected]