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

 

Maritime: Navigation Safety Review Raises Big Issues For The Govt

Shipping Federation: "The reports makes it clear that the ratification of the Maritime Labour convention (MLC) is long overdue. Only when the MLC is ratified will Maritime NZ be able to inspect and enforce the labour conditions on international ships visiting our ports." More>>

ALSO:

100 Years After Einstein Prediction: Gravitational Waves Found

For the first time, scientists have observed ripples in the fabric of spacetime called gravitational waves, arriving at the earth from a cataclysmic event in the distant universe. This confirms a major prediction of Albert Einstein’s 1915 general theory of relativity and opens an unprecedented new window onto the cosmos. More>>

ALSO:

Farming: Alliance Plans To Start Docking Farmer Payments

Alliance Group, New Zealand's second-largest meat cooperative, plans to start withholding some stock payments to its farmers from next week to bolster its balance sheet and force suppliers to meet their share requirements. More>>

ALSO:

Gambling: SkyCity First Half Profit Rises 30%, Helped By High Rollers

SkyCity anticipates the Auckland business will benefit from government gaming concessions which were triggered on Nov. 11 in recognition of SkyCity’s $470 million Convention Centre development. Morrison said the concessions would allow the Auckland business to lift its activity during peak period, noting it had a record revenue week over the Christmas and New Year period. More>>

ALSO:

Money For Light: Kiwi Scientists Secure Preferential Access To Synchrotron

Science and Innovation Minister Steven Joyce today announced a three-year investment of $2.8 million in the Australian Synchrotron, the largest piece of scientific infrastructure in the Southern Hemisphere, to secure preferential access for Kiwi scientists. More>>

Telco Industry Report: Investment Hits $1.7 Bln A Year

Investment in the telecommunications sector is $1.7 billion a year, proportionately one of the highest levels in the OECD, according to a report released today on the status of the New Zealand sector. More>>

ALSO:

PGPs: New Programme Sets Sights On Strong Wool

A new collaboration between The New Zealand Merino Company (NZM) and the Ministry for Primary Industries (MPI), announced today, aims to deliver premiums for New Zealand's strong wool sector... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news