Services
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Economy
Fewer Asian visitors in June offset by an increase from the US, Australia
By Rebecca Howard Aug. 9 (BusinessDesk) - A drop in the number of overseas visitors from Asia in June was offset by an increase from the US and Australia. About 213,536 short-term visitors arrived in New Zealand in June, up 0.6 percent on the year, Stats NZ said. The nu...
Law & Regulation
SkyCity launches online gaming site as it looks to the future of gambling
By Paul McBeth Aug. 9 (BusinessDesk) - SkyCity Entertainment Group has launched its online gaming site - skycitycasino.com - as it adapts to the changing gambling environment. The operator of Auckland's SkyCity casino is operating the website through a Maltese subsidiary,...
Vital's manager looking to invest more than $350 million
By Jenny Ruth Aug. 9 (BusinessDesk) - Vital Healthcare Property Trust’s manager is still looking for investment opportunities and believes the trust has more than $350 million of firepower. Vital has $257 million of headroom on its existing banking facilities and its manage...
Finance
Suncorp NZ stars with 76% profit growth as group earnings plunge
By Paul McBeth Aug. 7 (BusinessDesk) - Suncorp Group's New Zealand unit was a standout for the Australasian bank and insurer, as premium growth and fewer claims helped boost local profit 76 percent while earnings plummeted across the Tasman. The Brisbane-based financial se...
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