Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


SkyCity gaming machines within context of a sinking lid

28 June 2013

SkyCity gaming machines within context of a sinking lid

It has always been inevitable that the SkyCity proposal to provide a world-class international convention centre would get caught up with social consequences.

“But the fact that Prime Minister John Key has spelt out that the increase on gaming machines that is part of the deal will happen within the context of a sinking lid should be reassuring to people,” said Auckland Chamber of Commerce head Michael Barnett.

“Yes, there will be more gaming machines within SkyCity but there will be fewer in total across Auckland and New Zealand.”

This means fewer gaming machines in uncontrolled environments, and where issues such as problem gambling can become entrenched and end up as a significant social cost to the community, noted Mr Barnett.

At SkyCity there is a controlled environment and where social issues are much more likely to be quickly identified and addressed.

We can celebrate the fact that Government and SkyCity are finalising arrangements to build a $400 million international convention centre to attract convention conferences from overseas on a scale that is currently impossible, and at no cost to tax payers, he said.

Each year the convention centre is expected to attract 33,000 new conference delegates and inject a projected $90 million into the economy. Estimates are that it will create 1000 jobs during construction and 800 once it’s up and running.

With the conferences expected to attract visitors to New Zealand who would not otherwise visit, we can optimistic of a significant flow on of tourism benefits to the rest of New Zealand, concluded Mr Barnett.

www.aucklandchamber.co.nz

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news