Skip to main content

SkyCity Darwin Sale estimated at NZ$201 Million

Recently updated on November 13th, 2018

SkyCity Entertainment has reportedly sold one of their Australian casinos to Delaware North. Delaware North is a ‘hospitality behemoth’ from the US. According to reports, they bought SkyCity Darwin for an estimated AU$188 million (NZ$201 million). Currently the US operator runs the Sydney Cricket Ground, the Australian Tennis Open and Marvel Stadium.

Delaware North also operates ‘food and hospitality services’ at airports in Canberra. SkyCity claims that the sale is part of a ‘larger strategy’ to focus on Kiwi and Adelaide locations. Added to this, SkyCity Darwin is one of the New Zealand-based company’s ‘least profitable’ properties. Also, SkyCity will keep other interests for two more years while the US operator takes over the Darwin venue.

SkyCity Darwin Sold to Delaware North for NZ$201m – NZ News

SkyCity Darwin VIP Facilities

Further reports claim that SkyCity will keep access to the VIP facilities for two more years. These services cater to Asian high rollers. This is partly due to plans for an online gambling venture between the NZ and US companies. They hope to establish the business, should Australian authorities revise regulations for overseas operators. Reportedly, the AU government could greenlight online casinos ‘within the next ten years’. Still, most companies will hedge all bets until actual laws are voted in.

Darwin Changes

Delaware North also hopes to benefit from a larger presence in Australia’s gaming and entertainment industries. CEO Lou Jacobs confirmed that the AU market is important to his company and their global presence. SkyCity Darwin will be the third entertainment and gaming property Delaware North has purchased in 2018. Earlier this year, the US firm also bought two Brisbane pubs and gaming venues.

While Delaware North has yet to announce plans, it has been revealed that SkyCity provided for current employees at the Darwin venue. All 650 employees at the Darwin casino will keep their jobs as part of the deal.



Related Posts

Sinking Lid Pokie Policy Will Not Be Implemented in the Waipā District

waipa-district-rejects-sinking-lid-policy

Recently updated on August 20th, 2019It seems that the Waipā District Council does not believe that the sinking lid rule should be added to the active gambling policy in the municipality. This comes after a committee meeting was held to determine whether or not amendments should be made to the current governing policy. Only two […]

Internet Gambling with Credit Cards Could Get Banned in NZ

Credit Card Gambling Deposits NZ

Recently updated on August 4th, 2019New Zealand’s government agency is on a mission to ban internet gambling with credit cards. The New Zealand Department of Internal Affairs is responsible for creating and regulating the gambling industry.  One of the many reasons behind the department considering the ban of credit card internet gambling is the launch […]

Nevada Gaming Commission Rules Minor League Baseball Game Wagers

Minor League Baseball Game Wagers

Recently updated on April 9th, 2019On Thursday, the Las Vegas Aviators started their baseball season. Prior to the season beginning, the Nevada Gaming Commission decided to remove a provision rolled out 34 years back which precluded bookies from the state from taking bets on professional baseball games played in the state. Now, bettors can happily […]

Evolution Gaming Debuts MONOPOLY Live Dream Catcher

monopoly-live-dream-catcher

Recently updated on April 14th, 2019A live Monopoly game is the latest brainchild of the ever-innovative Evolution Gaming, the premier live casino gaming provider. They made the announcement on the 11th of April. The unique Monopoly game is created in partnership with Hasbro, Inc. Evolution’s twist on a classic board game merges with their Dream […]