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

 

SkyCity announces launch of offshore online gaming site

9 August 2019
SkyCity announces launch of offshore online gaming site via Maltese subsidiary


SkyCity Entertainment Group Limited (NZX/ASX:SKC) today announced that its Maltese subsidiary, SkyCity Malta Limited, has launched its offshore online gaming site ‘skycitycasino’ under a .com URL.


This follows the announcement in May 2019 of SkyCity’s partnership with international iGaming company Gaming Innovation Group Inc (GiG) to provide New Zealanders with an offshore online casino platform.


On news of the announcement, SkyCity’s Chief Executive Officer, Graeme Stephens said:
“This is an exciting day for SkyCity and one we have been working towards for some time alongside SkyCity Malta and our partners at GiG. While ultimately a regulated online gaming market remains the preferred solution, the site launch is another step on our journey of pursuing opportunities to grow and diversify our earnings, addressing a new, fast growing industry which is highly complementary to our land-based activities and offering customers a multi-channel gaming experience’’.

The existing online casino market in New Zealand is well established (with a number of sites in operation) with estimates suggesting approximately $160 million a year is spent by New Zealanders on online casino platforms currently provided by offshore operators.

SkyCity remains supportive of regulating the New Zealand online casino market, including introducing an appropriate licensing regime for operators and imposing taxes and mandatory host responsibility requirements.

As previously highlighted, GiG will provide SkyCity Malta with a full-suite online casino solution which includes a technical platform, gaming content, managed services and frontend development. The skycitycasino online gaming business will be managed by an Online Director (Steve Salmon) who is based in Europe.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Official Cash Rate Unchanged At 1 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment remains around its maximum sustainable level while inflation remains below the 2 percent target mid-point but within our target range... More>>

ALSO:

Food Prices: Avocados At Lowest Price In Almost Three Years

Avocados are at their cheapest average price since February 2017, with tomato, lettuce, and cucumber prices also falling, Stats NZ said today. More>>

Auckland Port Move: Cabinet Ministers Deliberate On Report

Cabinet ministers now have a copy of a report urging the government to move the Auckland port up north, but say no final decisions have been made. More>>

ALSO:

Toxicology Tests Planned: Dead Rats Washed Up On Beaches

As many as 600 rats washed up on Westport's North Beach over the weekend to the horror of locals. DOC said they may have been killed by a recent 1080 poison drop 140km away and washed down the Buller River after heavy rain battered the coast. More>>

ALSO: