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

 

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news