SkyCity Approved For Interest In ChCh Casino
Skycity Entertainment Group Gains All Necessary Approvals For Interest In Christchurch Casino
SKYCITY Entertainment Group advises that all conditions have now been met for its proposed acquisition of Aspinall (NZ) Limited which in turn owns a 40.5% shareholding in Christchurch Casino.
The Casino Control Authority gave licencing approval to SKYCITY today, which follows the Commerce Commission's and the Overseas Investment Commission's approvals for the purchase of the 40.5% minority shareholding in Christchurch Casino.
SKYCITY Entertainment Group Managing Director, Evan Davies, said that SKYCITY would, now that all necessary approvals had been granted, complete the acquisition which was announced earlier this year.
"SKYCITY is looking
forward to being involved with the Christchurch Casino
operation, and we anticipate that the acquisition will be
completed within the next 2-3 weeks."