SkyCity’s green light to buy rival Queenstown casino

SHARE

SkyCity Entertainment Group has received Commerce Commission approval to buy a rival operation in Queenstown. 

The Auckland-based giant, which last December purchased the remaining 40 per cent of its SkyCity Queenstown site on Beach Street, announced in May it was also buying Queenstown’s Wharf Casino from Singapore-based Lasseters for $5 million. 

The Wharf Casino purchase, however, was subject to Commerce Commission approval. 

SkyCity has announced today (Wednesday) that its purchase has now gone unconditional. 

The company expects to take possession of the renamed SkyCity Wharf Casino next week. 

“The purchase is part of our strategy to grow our presence in Queenstown, which we believe has huge potential for tourism growth,” SkyCity chief executive Nigel Morrison says. 

SkyCity Wharf Casino has six gaming tables and operates 73 of 74 permitted pokie machines.

SkyCity is the preferred operator of a proposed new megabucks convention centre for Queenstown – and Morrison has previously told Mountain Scene SkyCity hopes for a relocated casino and purpose-built hotel next to any such complex.