SkyCity raises $180m from share sale
SkyCity raised about 70 per cent of the $263 million it's seeking for expansion in a share sale to institutional investors.
SkyCity raised about 70 per cent of the $263 million it's seeking for expansion in a share sale to institutional investors.
Finance experts have voiced support for SkyCity Entertainment Group's $263 million capital raising plans announced yesterday.
A sneak peek inside the yet-to-be-built NZ International Convention Centre shows how people might use the various areas which will be offered when it is finished.
SkyCity Entertainment's briefing with analysts and investors failed to bolster Morningstar's confidence on the outlook for the company.
New Zealand shares rose after Orion Health Group said it won new UK clients and SkyCity Entertainment rebounded.
SkyCity's expansion plans are putting pressure on its debt levels.
SkyCity chief executive Nigel Morrison will leave casino in great shape despite tough period, watchers say.
CEO had secured extension of exclusive casino licences and negotiated the construction of New Zealand International Convention Centre.
Former SkyCity employee accused of stealing $2.6 million had pleaded not guilty to 49 fraud-related charges.
A wealthy businessman caught up in a money-laundering investigation gambled nearly $300 million in the VIP lounge of SkyCity casino.
John Key says the New Zealand International Convention Centre in Auckland will bring in tourists during off-peak seasons.
The father of a woman accused of ripping off SkyCity for more than $1.2 million has had freezing orders on his assets lifted.
SkyCity says profits for the last half year were $71 million - at the top end of its own forecasts.
Kiwis have dropped from the fourth to sixth-biggest gamblers in the world.
As world gambling experts gather in Auckland this week, the biggest threat on their minds is now online betting.
Last month's sharemarket turmoil hasn't prompted the private equity owners of Tegel Foods to chicken out of plans to take the poultry business public.
TOBY MANHIRE: John Key's Waitangi decision is a victory for those who long for a national day more like Australia's twisted celebration.
Woman who stole almost $800,000 from a top school and is being chased by SkyCity for more than $1.2 million has had her assets frozen.
The three accused allegedly ran a scam that netted them more than $45,000 in chips.
For almost two decades, the Sky Tower has dominated the Auckland skyline.
The Sky Tower has overcome early scepticism to become an iconic image of the Super City.
The head of Skycity that forked out nearly $100,000 for a New Year's Eve fireworks display says it is "embarrassing" that no one else came to the party.
Sky City's been named as the location for Asia Pacific trade ministers to sign the Trans Pacific Partnership deal on February 4.
Casino operator forecasts healthy lift in first-half profit as a result of higher turnover and lower costs.
SkyCity Entertainment Group, New Zealand's only listed casino company, expects its first-half profit to soar.
Work begins on the International Convention Centre today with the demolition of the wall at the Hobson St site.
Auckland's busiest summer of events helped raise tourism expenditure by 15 per cent.
Better results from its flagship Auckland property and its struggling Adelaide operations mean a good start to the 2016 financial year.