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

Australian Casinos Can Expect an Increase in High-rollers

Australian casinos

Recently updated on April 23rd, 2019Australian casinos can expect to see a turn-around in their efforts to attract foreign high-rollers. According to analysts, attracting Asian big spenders remains on the agenda even with the decline in economic activity in China. Of course, casinos in Australia have bared the brunt of the economic slowdown in China […]

English Premier League Sponsorship Values Break Records

English Premier League Gambling Sponsors Break Records – NZ News

Recently updated on September 26th, 2018While the UK Gambling Commission (UKGC) has been cracking down on gambling operators, one market remains saturated. According to new figures, sports books have spent millions in sponsorships for English Premier League (EPL) kits. This brings bookies to a global stage, as the EPL is one of the most popular […]

SkyCity Hamilton Pokie Application to Get Public Hearing

skycity hamilton pokie public hearing

Recently updated on February 8th, 2019Earlier this year, SkyCity Hamilton submitted an application to remove three blackjack tables from their casino floors to make space for 60 additional pokie machines. The additional machines would increase the total number of pokies available at the casino to 399. The application did result in opposition from the community. […]

Betsoft Gaming Partners with River iGaming in New Venture

Betsoft Gaming River iGaming Deal

Recently updated on February 20th, 2019Betsoft has brokered a deal with River iGaming a company that services digital gaming companies. The deal came about in the need for expansion on both sides. Betsoft is excited to add its expertise to River iGaming’s growing ventures in the iGaming market. River iGaming is showing impressive growth for […]