Chch Casino rejects SkyCity offer

The Christchurch casino company, Skyline Enterprises, has rejected an undisclosed cash offer from SkyCity Entertainment Group, SkyCity has told the NZX.

The statement comes two days after Fairfax Media reported that the Australasian casino operator had offered between $100 million and $110 million for the 50 per cent of the Christchurch casino that it doesn't already own.

SkyCity's company secretary Peter Treacy confirmed that Skyline had been "advised ... of a cash offer" that SkyCity is "willing to make" to gain full control of the Christchurch gaming venue.

The 50/50 ownership came into effect last month, when both SkyCity and Skyline bought back a 8.6 per cent holding owned by Invercargill-based Southern Equities.