SkyCity Entertainment Group Ltd chief executive Graeme Stephens outlined how the casino & hospitality company would handle its immediate future in a staff update today. One feature of it is that salary cuts for senior executives will be used to set up an employee hardship fund of around $1 million, initially to help redundant employees.
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SkyCity closes all casinos
SkyCity Entertainment Group Ltd has closed its New Zealand casino & entertainment facilities in Auckland, Hamilton & Queenstown following the Government’s announcement on Monday that the Covid-19 alert level had increased to level 3, increasing to level 4 today.
Read more →Convention centre repair programme unlikely to meet APEC target
SkyCity Entertainment Group Ltd said yesterday the cost of the International Convention Centre fire last October was $240.6 million in revenue, $186.3 million in net profit after tax.
Read more →SkyCity takes $241 million hit from fire
SkyCity Entertainment Group Ltd said yesterday the cost of the International Convention Centre fire last October was $240.6 million in revenue, $186.3 million in net profit after tax.
Read more →SkyCity says insurers to cover convention centre fire costs
SkyCity Entertainment Group Ltd said today its insurers had confirmed that the company’s contract works insurance policy “will respond” in relation to damage to the NZ International Convention Centre & adjoining Horizon Hotel from the fire on 22 October.
Read more →Fletcher says insurers to cover convention centre fire costs
Fletcher Building Ltd said today its insurers had confirmed they’d cover costs arising from the SkyCity NZ International Convention Centre fire in downtown Auckland on 22 October.
Read more →Convention centre completion now “late 2020”, focus moves to Federal-Albert Sts block
Completion of the NZ International Convention Centre on the Nelson-Hobson Sts block in downtown Auckland is the biggest event on SkyCity Entertainment Group Ltd’s horizon, but it’s not the only focus.
Read more →SkyCity parking sale unconditional
SkyCity Entertainment Group Ltd confirmed on Friday that its $220 million sale of a long-term concession over its Auckland carparks to Australian bank Macquarie Group Ltd’s Macquarie Principal Finance Group was unconditional and is expected to be completed next Monday, 19 August.
Read more →SkyCity sells parking concession
SkyCity Entertainment Group Ltd has entered into a binding agreement to sell a long-term concession over its Auckland carparks to Australian bank Macquarie Group Ltd’s Macquarie Principal Finance Group for $220 million.
Read more →Propbd on Q F29March19 – SkyCity Darwin sale, Argosy switches debt
SkyCity Darwin sale unconditional – Argosy replaces $100 million of bank debt
Read more →SkyCity sells Darwin casino
SkyCity Entertainment Group Ltd has agreed to sell its Darwin business to Delaware North Companies Inc for $A188 million ($NZ202 million).
Read more →Sale of AA Centre to SkyCity confirmed
Asset Plus Ltd (the former NPT Ltd) has confirmed that SkyCity Entertainment Group Ltd settled its purchase of the AA Centre, on the corner of Victoria & Albert Sts in central Auckland, last Thursday.
Read more →Melbourne developer buys Federal St carpark
SkyCity Entertainment Group Ltd has signed an unconditional agreement to sell the Federal St carpark in downtown Auckland to ICD Property Investment Ltd (Michael Mai, Melbourne) for $40 million.
Read more →BlackRock ups SkyCity stake, cuts at Sky TV
US fund manager BlackRock Inc, which bought a 5% stake in NZX-listed retail & office property investor Kiwi Property Group Ltd last week, has also lifted its holding in SkyCity Entertainment Group Ltd but cut its stake in Sky Network Television Ltd.
Read more →SkyCity agrees US placement & later NZ bond issue
SkyCity Entertainment Group Ltd reached agreement yesterday on a new $US150 million issue of US private placement notes.
Read more →SkyCity buys AA Centre to consolidate precinct control
SkyCity Entertainment Group Ltd has bought NPT Ltd’s interest in the AA Centre at 99 Albert St in central Auckland for $47 million.
Read more →Convention centre project delayed but “on budget”
Aside from the financial upheaval in the construction division of Fletcher Building Ltd, subsidiary company The Fletcher Construction Co Ltd told SkyCity Entertainment Group Ltd last Thursday that completion of its NZ international convention centre would be delayed.
Read more →Propbd on Q F19Feb16 – Future transport, Higgins & adhesives clearances, port study, convention centre start
Feedback sought on future transport needs – Fletcher seeks Higgins acquisition clearance – HB Fuller seeks Advanced Adhesives acquisition clearance – Take a surfing cruise to the port of Muriwai…. – Ministers turn first sod for convention centre
Read more →Propbd on Q W20Jan16 – QE Square rezoning approved, Tamaki campus rezoning approved, Furniture City sold, SkyCity guidance up
Precinct’s QE Square rezoning approved – Tamaki campus rezoning approved – Smiths City to buy Furniture City – SkyCity lifts guidance
Read more →SkyCity examines hotel partnership options as new gambling concessions click in
SkyCity Entertainment Group Ltd chair Chris Moller highlighted, when he addressed the company’s annual meeting on Friday, that the international convention centre it’s about to build won’t be a great earner in itself. But there’s a second leg to its development, which has come into play immediately – earnings from extra gambling concessions.
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